SEBI vide circular dated April 28, 2022, has specified a Reduction of timelines for the listing of units of Infrastructure Investment Trust (InvIT).
As a part of the continuing endeavor to streamline the process of public issue of units of Infrastructure Investment Trust (InvIT), it has been decided to reduce the time taken for allotment and listing after the closure of an issue to six working days as against the present requirement of within twelve working days.
The SCSBs, stock exchanges, depositories, and intermediaries shall coordinate to ensure completion of listing (through the public issue) and commencement of trading of units of InvIT, within six working days from the date of closure of the issue.
The provisions of this circular shall be applicable to a public issue of units of InvIT under the SEBI (Infrastructure Investment Trusts) Regulations, 2014 which opens on or after June 01, 2022. Stock Exchanges and Self Certified Syndicate Banks shall make the required changes to implement the same from June 01, 2022.
Link of the Circular:
About the Author
