Trading members & Listed Companies of the Calcutta Stock Exchange are hereby informed that the Exchange has received a Circular from SEBI vide Ref. No. CIR/IMD/DF/136/2016, dated December 19, 2016 regarding Guidelines for public issue of units of REITs..The contents of the said circular are reproduced hereunder for information of trading members & Listed Companies of CSE.

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CIRCULAR

CIR/IMD/DF/136/2016 December 19, 2016

All Real Estate Investment Trusts (REITs)

All Parties to REITs

All Stock Exchanges

All Merchant Bankers

Dear Sir / Madam,

Sub: Guidelines for public issue of units of REITs

1. SEBI (Real Estate Investment Trusts) Regulations, 2014 (“REIT Regulations”) provides as under:

a) Regulation 14(24) states that ‘The Board may specify by issue of guidelines or circulars any other requirements, as it deems fit, pertaining to issue and allotment of units by a REIT.’

b) Regulation 15(5) states that 'The advertisements shall be in accordance with the offer document and any circulars or guidelines as may be specified by the Board in this regard.’

2. In line with the aforesaid Regulations, the detailed guidelines as placed at Schedule-A shall be applicable to public issue of units of REITs.

3. This Circular is issued in exercise of powers conferred under Section 11(1) of Securities and Exchange Board of India Act, 1992 read with Regulation 33 of REIT Regulations.

4. This Circular is available on SEBI website at www.sebi.gov.in under the categories “Legal Framework” and under the drop down “Circulars”.

Yours faithfully,

Richa G. Agarwal

Deputy General Manager

Investment Management Department

Tel No.022-2644 9596

Email id - richag@sebi.gov.

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Trading Members & Listed Companies are requested to take note of the aforesaid guidelines of SEBI and act accordingly. This Circular along with “Guidelines for public issue of units of REITs” Annexure are available on CSE website at www.cse-india.com & SEBI website at www.sebi.gov.in

M.A.V. Raju

General Manager