SEBI revises the prescribed manner for achieving minimum public unitholding requirement by Infrastructure Investment Trusts (InvITs)

SEBI vide notification dated October 31, 2023 has provided for revision in manner of achieving minimum public unitholding requirement by Infrastructure Investment Trusts (InvITs). In addition to the methods available now, the following shall be an additional method for privately placed InvITs in order to achieve minimum public unitholding requirements:

1. Issuance of units through preferential allotment;
2. Sale of units held by Sponsor(s) / Investment Manager /Project Manager and their associates/related parties in the open market;
3. Sponsor(s) / Investment Manager / Project Manager and their associates/related parties can sell upto a maximum of 5% of the paid-up unit capital of the InvIT during a financial year.