SEBI Proposes Fast-Track Follow-On Offers for REITs & InvITs
On 20th February 2025, the Securities and Exchange Board of India (SEBI) proposed a framework for undertaking fast-track follow-on offerings by Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs).
- The move aims to make fundraising more efficient for these investment vehicles.
What did SEBI propose?
Lock-in Period for Preferential Issue of Units
- 3 Years: 15% of units allotted to sponsors and sponsor groups will be locked-in for 3 years from the date of trading approval.
- 1 Year: Remaining units will be locked-in for 1 year from the date of trading approval.
Follow-On Public Offer (FPO) Requirements
- Application: To ....
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