6th June, 2018
NOTICE
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:
2.
Placement
Document
3.
Pricing
4.
Restriction
on allotment
5.
Transferability
of Units
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
Executive-Listing