The sponsor(s) and sponsor group(s) of a Real Estate Investment Trust(REIT) shall collectively hold a minimum of fifteen percent of the total units of the REIT for a period of at least three years from the date of listing of such units pursuant to initial offer on a post-issue basis.
Any holding of the sponsor(s) and sponsor group(s) exceeding the minimum holding, shall be held for a period of at least one year from the date of listing of such units.
The Securities and Exchange Board of India on 9th November, 2022 has issued the above said requirements through the Securities and Exchange Board of India (Real Estate Investment Trusts) (Amendment) Regulations, 2022.
