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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.
Footnote
5 Bearing number
SEBI/HO/DDHS/DDHS/CIR/P/2019/142
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
