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ARTICLE · 19 MAY 2025

Uniform Financial Disclosure Standards Introduced For REITs And InvITs Under SEBI's Revised Framework

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The Securities and Exchange Board of India (SEBI) has introduced significant amendments to the regulatory framework governing Real Estate Investment Trusts and Infrastructure Investment Trusts, specifically in relation to:

IndiaFinance and Banking
Aayush Mohata
Aayush Mohata
Ira Pandya
Ira Pandya
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Introduction

The Securities and Exchange Board of India (SEBI) has introduced significant amendments to the regulatory framework governing Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs) (together, "Business Trusts"), specifically in relation to:

  • disclosure of financial information in offer documents/placement memorandums; and
  • continuous disclosure requirements and compliance obligations by Business Trusts, post-listing.

Pursuant to these changes, Chapters 3 and 4 of the SEBI Master Circulars for REITs and InvITs, both dated 15 May 2024, have been revised through SEBI circulars issued on 7 May 2025 (collectively, the "Amendment").

These reforms follow SEBI's consultation paper titled "Review of - (a) disclosure of financial information in offer document / placement memorandum, and (b) continuous disclosures and compliances by Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs)", release

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