SEBI vide. Circular dated November 27, 2019 has issued the guidelines for preferential issue of units and institutional placement of units by a listed Real Estate Investment Trust (REIT). The guidelines prescribes conditions, manner of issuing units, pricing, lock-in terms and allotment related aspects for preferential issue of unit of REIT and institutional issue of REITs. In this write up we have covered the preferential issue of units of REITs.
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