6th June, 2018
Sub: Guidelines for Preferential Issue of Units by Infrastructure Investment Trusts
To all Listed Companies
Attention of such aforesaid listed companies are drawn to SEBI Circular Ref. No. SEBI/HO/DDHS/DDHS/CIR/P/2018/89 dated June 05, 2018(copy available at CSE web-site at www.cse-india.com and SEBI web-site at www.sebi.com) wherein
Regulation 2(1)(zo) of SEBI (Infrastructure Investment Trusts) Regulations, 2014 (“InvIT Regulations”) defines a preferential issue. Regulation 14(4)(b) read with Regulation 2(1)(zo) provides for any subsequent issue of units after an initial offer in a manner specified by Board from time to time. Accordingly, the detailed guidelines for preferential issue by an InvIT are provided herein.
This SEBI Circular deals with the following issues:
This Circular is available on the website of the Securities and Exchange Board of India (“SEBI”) at www.sebi.gov.in under the category “Legal” and under the drop down “Circulars”.
This is for information and necessary action.
CS Chandrani Datta