SEBI reduces timelines for listing of units of REITs and InVITs to six working days

The SEBI has reduced the timelines for listing of units of Real Estate Investment Trusts (REITs) and units of Infrastructure Investment Trust (InvIT) to six working days to protect the interest of investors and to promote the development of the securities market. The extant norms mandates all units of REITs and InvITs to get listed on the recognised stock exchanges within a period of twelve working days from the date of closure of offer.The SEBI has reduced the timelines for listing of units of Real Estate Investment Trusts (REITs) and units of Infrastructure Investment Trust (InvIT) to six working days to protect the interest of investors and to promote the development of the securities market. The extant norms mandates all units of REITs and InvITs to get listed on the recognised stock exchanges within a period of twelve working days from the date of closure of offer.taxmann.com Latest Statutory HappeningsRead More

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