SEBI Allows ‘Offer for Sale’ for Units of Private Listed InvITs via a Stock Exchange Mechanism
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- Last Updated on 5 August, 2023
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Circular No. SEBI/HO/MRD/MRD-PoD-3/P/CIR/2023/134, Dated: 03.08.2023
Earlier, SEBI vide circular no. dated January 10, 2023 specified the framework for ‘Offer for Sale’ (OFS) of shares including units of REITs and InvITs via a stock exchange mechanism. Based on feedback received from market participants, SEBI has allowed an Offer for sale for units of private listed InvITs via stock exchange mechanism. In the case of OFS for listed InvITs, the trading lot will be the same as the trading lot prescribed for such InvITs in the secondary market. The provisions shall be effective immediately.
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