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| NOTICES |
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| Notice No. |
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20230628-10 |
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Notice Date |
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28 Jun 2023 |
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| Category |
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Circulars Listed Companies |
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Segment |
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General |
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| Subject |
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Manner of achieving minimum public unitholding-REITs. |
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| Attachments |
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Manner of achieving MPS - REITs.pdf ; |
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| Content |
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Dear Sir\Madam
The Securities and Exchange Board of India (SEBI) has issued circular no. SEBI/HO/DDHS/PoD2/P/CIR/2023/106 dated June 27, 2023, regarding Manner of achieving minimum public unitholding-REITs.
Regulation 14(2A) of SEBI (Real Estate Investment Trusts) Regulations, 2014 (“REIT Regulations”) inter-alia mandates that any listed REIT which has public unitholding below twenty-five percent, shall increase its public unitholding to at least twenty-five percent within a period of three years from the date of listing of units pursuant to initial offer.
In order to facilitate REITs to achieve minimum public unitholding compliance as required under REIT Regulations, the Manager of the REIT shall adopt any of the methods mentioned in this circular.
The aforesaid circular is attached for reference.
All Listed companies are requested to take note and comply accordingly.
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Ashok kumar Singh
DGM-Listing Compliance
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Nisha Mehta
Sr. Manager-Listing Compliance
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June 28, 2023
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