The Securities and Exchange Board of India vide its notification dated 30th July 2021 has published the Securities and Exchange Board of India (Infrastructure Investment Trusts) (Amendment) Regulations, 2021 to further amend the Securities and Exchange Board of India (Infrastructure Investment Trusts) Regulations, 2014.
The Amendment is brought under rule 26B which deals with raising of funds and investment in which an Infrastructure Investment Trust (InvIT) may undertake borrowing to the extent permitted under the trust deed, after seeking approval from such number of investors as specified in the trust deed and the minimum number of unit holders in an InvIT, other than the sponsor(s), its related parties and its associates, shall be five, together and collectively holding at least twenty-five per cent of the total units of the InvIT, at all times.
Further regulation 14 has been revised as follows:
If the InviT raises funds by public issue, the minimum amount from any investor in initial and follow-on offer shall fall within the range of ten thousand rupees to fifteen thousand rupees.
