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SEBI amends guidelines for preferential issue and institutional placement of units by a listed InVIT

November 19, 2020
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SEBI has made amendment to the guidelines for preferential issue and institutional placement of units by a listed InvIT whereby an explanation has been added to the clause 4.1 providing that where any person belonging to sponsor(s) has sold/transferred their units of the issuer during the six months preceding the relevant date, the sponsor(s) shall be ineligible for allotment of units on preferential basis.
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