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SEBI cuts listing time for REITs, InvITs by half to 6 days

The new rule will apply to a public issue of units of Real Estate Investment Trust (REIT) and Infrastructure Investment Trust (InvIT), which opens on or after June 1, said the markets regulator

April 28, 2022 / 08:54 PM IST

To streamline the process of public issue of units of REIT and InvIT, markets regulator Securities and Exchange Board of India (SEBI) on April 28 reduced the time taken for the listing these investment vehicles to six working days from 12 days at present.

“As a part of the continuing endeavor to streamline the process of public issue of units of Real Estate Investment Trust (REIT), it has been decided to reduce the time taken for allotment and listing after the closure of issue to six working days as against the present requirement of within twelve working days,” according to a SEBI circular.

The new rule will apply to a public issue of units of Real Estate Investment Trust (REIT) and Infrastructure Investment Trust (InvIT), which opens on or after June 1, it said.

Also read: India REIT performances: Surviving the pandemic