Latest news with #HybridSecuritiesAdvisoryCommittee
Time of India
6 days ago
- Business
- Time of India
Sebi revises InvIT rules for private to public conversion: Disclosure norms aligned with follow-on offers; sponsor requirements eased
Sebi revises norms on InvITs Sebi has modified the framework governing the transformation of private listed Infrastructure Investment Trusts (InvITs) to public InvITs, with updated sponsor holding requirements and harmonised disclosure norms. The market regulator implemented these modifications with immediate effect, following industry feedback and guidance from the Hybrid Securities Advisory Committee, according to The updated guidelines require sponsors and their associated groups to maintain minimum unitholding requirements as specified in InvIT regulations consistently. According to the circular released on Friday, the lock-in period for these units shall remain in accordance with existing regulations. Sebi has additionally revised the procedural and disclosure requirements for public offers during conversion to ensure alignment with follow-on offer standards. InvITs must now follow the stipulated requirements for follow-on offers under InvIT rules and associated circulars, including future amendments. The circular indicates that previous references to "initial offers" in Sebi's InvIT regulations from May 2024 will be superseded by "follow-on offers" across various provisions. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like This Bedtime Drink Flattened Her Belly in Days Vitalgethealth Click Here Undo These immediate regulatory adjustments aim to safeguard investors, enhance market efficiency and maintain consistent regulatory standards. The regulator has instructed recognised stock exchanges and the Bharat InvITs Association to publish these updated regulations on their respective websites. Stay informed with the latest business news, updates on bank holidays , public holidays , current gold rate and silver price .
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Business Standard
7 days ago
- Business
- Business Standard
Sebi streamlines norms for converting private InvITs to public ones
Sebi has revised the framework for converting private listed Infrastructure Investment Trusts (InvITs) into public InvITs, streamlining sponsor holding norms and aligning disclosure requirements with follow-on offers. The Securities and Exchange Board of India (Sebi) said the changes, effective immediately, are based on market feedback and recommendations of the Hybrid Securities Advisory Committee. Under the revised framework, sponsors and their groups must comply with the minimum unitholding requirements specified in the InvIT regulations at all times. The lock-in on such units will also be as per the regulations, the regulator said in a circular on Friday. Accordingly, InvITs will have to adhere to the follow-on offer requirements under InvIT rules and related circulars, including any amendments. These changes will replace earlier references to "initial offers" with "follow-on offers" in several provisions of Sebi's norms for InvITs issued in May 2024, as per the circular. The revised framework, effective immediately, aims to protect investor interests, promote market development and ensure regulatory consistency. Sebi has directed recognised stock exchanges and the Bharat InvITs Association to disseminate the updated norms on their websites. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
