Sebi mulls framework for fast track follow-on offer by REITs, InvITs
Sebi has proposed a fast-track framework for follow-on offers by REITs and InvITs to streamline fundraising. A three-year lock-in for preferential units to sponsors is suggested. Public comments are sought by March 13. REIT/InvIT must obtain approvals, ensure 25% public unitholding post-issue, and comply with documentation and observation protocols.
Sebi has proposed a fast-track framework for follow-on offers by REITs and InvITs to streamline fundraising. A three-year lock-in for preferential units to sponsors is suggested. Public comments are sought by March 13. REIT/InvIT must obtain approvals, ensure 25% public unitholding post-issue, and comply with documentation and observation protocols.
