Sebi eases norms for REITs, InvITs to raise fund in institutional placement

The units allotted on a preferential basis using the pricing method set out by the regulator shall be locked-in for a period of three years, as per the circulars.

Seeking to make fund raising easier, markets regulator Sebi on Monday provided relaxations to REITs and InvITs for preferential and institutional placement of their respective units.

Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs) can now raise equity capital through institutional placement route two weeks after a previous such exercise.

Earlier, the mandated time gap was six months between two institutional placements.

Also, changes have been made with respect to pricing of units by REITs and InvITs for preferential issues.

In two separate but similarly worded circulars, Sebi said that in view of the situation emerging out of