Floor Price for Institutional Placement for Privately Placed InvITs Shall Be NAV Per Unit of Such InvIT | SEBI
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Circular No. SEBI/HO/DDHS/DDHS-PoD/P/CIR/2024/10, Dated 08.02.2024
Earlier, in terms of the SEBI Master Circular for Infrastructure Investment Trust (InvIT) dated July 06, 2023, Institutional placement of InvIT was required to be made at a price not less than the average of weekly high & low closing prices of units on the stock exchange 2 weeks before the relevant date. Now, the SEBI has decided that the floor price for institutional placement for privately placed InvITs shall be NAV per unit of such InvIT. The price shall be based on the full valuation of all existing InvIT assets. This Circular takes effect immediately.
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