Unlisted InVITs can no longer carry private placement of units: SEBI
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- Last Updated on 11 November, 2022
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Notification No. SEBI/LAD-NRO/GN/2022/101, Dated 09.11.2022
SEBI vide SEBI (INVITs) (Second Amendment) Regulations, 2022 has restricted private placement of units of unlisted INVITs. Earlier, INVITs were eligible to issue units via private placement mode. Now, Board may grant exemptions to the INVITs which have issued units for the purpose of facilitating listing on a recognised stock exchange. Also, various other changes have been notified via amendment. The amendment shall come into force w.e.f January 1, 2023.
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