SEBI vide circular5 dated November 27, 2019 has provided a detailed guideline in respect of a preferential issue of units and institutional placement of units by a listed REIT. The circular lays down the conditions for issuance of REIT units and a detailed explanation on the manner in which the REIT units can be issued on a preferential basis.
5 Bearing number SEBI/HO/DDHS/DDHS/CIR/P/2019/142
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