Review of Framework for conversion of Private Listed InvIT into Public InvIT

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....changes All Registered Depositories Madam / Sir, Subject: Review of Framework for conversion of Private Listed InvIT into Public InvIT 1. Chapter 14 of the Master Circular for Infrastructure Investment Trusts (InvITs) dated May 15, 2024 ("Master Circular") provides the framework for conversion of private listed InvIT into public InvIT. 2. SEBI is in receipt of certain suggestions fr....

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....1.2. Paragraph 14.7 of the Master Circular shall be substituted with the following: "14.7. Lock-in 14.7.1. The lock-in on units held by the sponsor(s) and sponsor group(s) to comply with the minimum unitholding requirement mentioned in paragraph 14.6.1 above shall be as specified in Regulation 12(5) of the InvIT Regulations." 2.2. Aligning the procedure and disclosure requirem....

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....andated in terms of Schedule III of", the words "applicable for follow-on offer under" shall be substituted. 2.2.5. In paragraph 14.9.1. a) of the Master Circular, the words "as applicable for a follow-on offer" shall be inserted after the words " Details of distributions made by the InvIT". 3. This circular shall be applicable with immediate effect. 4. This circular is issued in exercise....