June 24, 2022
To,
Infrastructure Investment Trusts
Recognised Stock Exchanges
Registered Depositories
Registered Depository Participants,
Registrars to an Issue and Share Transfer Agents
Madam / Sir,
1. Regulation 16(8) (a) of SEBI (Infrastructure Investment Trusts) Regulations, 2015 (“InvIT Regulations) provides that the listing of privately placed units shall be done within thirty working days from the date of allotment. These timelines prescribed in the InvIT Regulations are indicative. Considering the time taken for listing of units of privately placed InvIT in recent past, it was decided to examine the reduction of time lines for listing of units of privately placed InvIT, which was also discussed with market participants.
2. Hence, as a part of the continuing endeavour to streamline the process of allotment and listing of units, it has been decided to reduce the time taken for allotment and listing of units of privately placed Infrastructure Investment Trust (InvIT), after the closure of issue to six working days as against the present requirement of thirty working days. The timelines within which the units shall be listed from issue closure are as under :
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