Sebi issues framework for fast-track follow-on offer by REITs, InvITs
New Delhi, Mar 28 Markets regulator Sebi on Friday came out with a framework for undertaking fast-track follow-on offers by REITs and InvITs to make fundraising more efficient. Markets regulator Sebi on Friday came out with a framework for undertaking fast-track follow-on offers by REITs and InvITs to make fundraising more efficient. REITs and InvITs making an FPO need to ensure that they write an application to all stock exchanges on which their units are listed, and seek in-principle approval for listing their units on such exchanges. "InvIT/REIT desirous of issuing units by way of follow-on offer shall, for any such issue, ensure that it has made an application to all stock exchanges on which its units are listed, to seek an in-principle approval for listing of its units on such stock exchanges and has chosen one of them as the designated stock exchanges.
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