SEBI vide its circular dated December 24, 20191 has issued clarifications to the Infrastructure Investment Trusts ("InvITs") which are issuing units on private placement basis that are proposed to be listed. The clarifications are in relation to filing of the placement memorandum and the timelines associated with it.
The circular shall come into effect from January 15, 2020 for all InvITs issuing units on private placement basis and are proposed to be listed.
1 Bearing number SEBI/HO/DDHS/DDHS/CIR/P/2019/161
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