Offer for Sale framework for sale of units of Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs)

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....work for sale of units of Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs) 1. SEBI vide Circular No. SEBI/HO/MRD/MRD-PoD-3/P/CIR/2023/10 dated January 10, 2023 specified the comprehensive framework on Offer for Sale (OFS) of shares including units of REITs and InvITs through stock exchange mechanism. 2. Based on the feedback received from market participants, i....

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....ons, 2014. Provided further that since there is no participation of retail investors in private listed InvITs, the provisions related to retail investors as specified in paragraph-A above shall not be applicable in case of OFS for such InvITs and the OFS shall remain open only for one day (i.e. T day)." 3. The provisions of this circular shall come into force with immediate effect. 4. All reco....