SEBI revises the prescribed manner for achieving minimum public unitholding requirement by Infrastructure Investment Trusts (InvITs)

The ways for InvITs to attain minimum public shareholding includes Issuance of units through preferential allotment, Sale of units held by Sponsor(s) / Investment Manager /Project Manager and their associates/related parties in the open market, Sponsor(s) / Investment Manager / Project Manager and their associates/related parties can sell upto a maximum of 5% of the paid-up unit capital of the InvIT during a financial year.