The Securities and Exchange Board of India on 28th April 2022 has decided to reduce the time taken for listing of Real Estate Investment Trust (REIT) and Infrastructure Investment Trust (InvIT) units.
As a part of the continuing endeavour to streamline the process of public issue of units of REIT and InvITs. 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 12 working days.
The SCSBs (Self certified syndicate banks), stock exchanges, depositories, intermediaries shall co-ordinate to ensure completion of listing (through public issue) and commencement of trading of units of REIT and InvIT within six working days from the date of closure of issue.
The provisions of this circular shall be applicable to a public issue of units of InvIT& REIT 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 required changes to implement the same from June 01, 2022.
