SEBI Amends InvITs Regulations, 2014 | Introduces a New Chapter on ‘Framework for Issuance of Subordinate Units’
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- Last Updated on 29 May, 2024
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Notification No. SEBI/LAD-NRO/GN/2024/182; Dated: 27.05.2024
SEBI has notified SEBI (Infrastructure Investment Trusts) (Amendment) Regulations, 2024. A new chapter IVA w.r.t ‘Framework for issuance of Subordinate Units’ has been inserted. As per the new chapter, subordinate units must be issued by a privately placed InvIT upon acquisition of an infrastructure project. Also, SEBI has inserted a definition of ‘subordinate unit’, which refers to an instrument issued by InvIT that can be reclassified as an ordinary unit. The norms are effective from 27.05.2024.
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