SEBI has issued Consultation paper on additional proposals regarding framework for issuance of subordinate units – REITs and InvITs. The objective of this consultation paper is to seek comments / views / suggestions from the public on the following additional proposals pertaining to the framework for issuance of subordinate units by REITs and InvITs:
- Specification of a ceiling on the extent of subordinate units that can be issued;
- Bringing uniformity in the nature of rights conferred on subordinate units;
- Dealing with changes in terms and conditions of the subordinate units post issuance
The comments/ suggestions shall be submitted online latest by January 31, 2024.
