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ARTICLE · 02 MAY 2025

SEBI Amends Framework For REITs And InvITs To Ease Preferential Issues And Follow-On Offers

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On 28 March 2025, the Securities and Exchange Board of India (SEBI) issued circulars (Amendments), introducing certain amendments to the regulatory framework governing Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs).

IndiaFinance and Banking
Aayush Mohata
Aayush Mohata
Aayush Virani
Aayush Virani
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On 28 March 2025, the Securities and Exchange Board of India (SEBI) issued circulars (Amendments), introducing certain amendments to the regulatory framework governing Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs). These changes have been effected through modifications to: (a) the master circular for REITs; and (b) the master circular for InvITs, respectively (collectively, Master Circulars).

These changes are aimed at streamlining the process for preferential issues and follow-on offers of units by REITs and InvITs, and are in line with SEBI's ongoing efforts to enhance ease of doing business. These updates were approved by SEBI's board meeting held on 18 December 2024, and follow a consultative process involving public feedback and recommendations from the SEBI Hybrid Securities Advisory Committee (HySAC).

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