SEBI tweaks laws for REIT, InvIT on exit for dissenting unitholders

07 Oct 2021 CW Team

The Securities and Exchange Board of India (SEBI) has tweaked norms for Real estate investment trusts (REITs) and Infrastructure investment trusts (InvITs) regulations on exit options for dissenting unitholders for acquisition and change in sponsors.

REITs and InvITs are currently emerging investment vehicles. The exit is available in various cases, including acquisition, change in sponsor, inducted sponsor, change in control sponsor or induced sponsor according to an open offer.

In any such case, the exit price would be enhanced by an amount equal to a sum determined at 10% per annum from the date of first notice and second notice, as per the two separate circulars issued by SEBI.

The summary of the activities of the exit option or the open offer has to take place along the period given by SEBI.

As per the Substantial Acquisition of Shares and Takeovers Regulations 2011, the regulatory authority has also clarified the meaning of the relevant date in such cases, which would mean the date of the public announcement for the acquisition.

SEBI had also introduced a mechanism to provide an exit option to dissenting unitholders of REITs and InvITs, last year in July.

Image Source

Also read: REITs and InvITs to be added in Nifty indices from September 30

Resources

03 Jun 2026

Jyoti Structures Launches Heat Safety Drive Across Sites

Jyoti Structures (JSL) has strengthened heat safety measures across its project sites and manufacturing facilities as temperatures rise across India. The company has implemented a Summer Safety Plan covering all transmission line projects to address risks related to heat stress, dehydration and worker fatigue.The initiative includes rescheduling work away from peak afternoon temperatures, provision of drinking water, ORS and lemon-salt solutions, and installation of rest shelters near work areas. Daily toolbox talks, worker health monitoring, first-aid preparedness, emergency transport arrange..

MHADA Declares 82 Buildings Most Dangerous in Central and South Mumbai

The Maharashtra Housing and Area Development Authority (MHADA) has declared 82 buildings as most dangerous across Central and South Mumbai and has appealed to residents to vacate immediately. The list, prepared after structural assessments by the authority, identifies buildings judged to pose imminent risk to occupants and to passersby. Local civic bodies have been asked to coordinate evacuations and to make arrangements for temporary shelter and rehabilitation for displaced households. Officials said the authority prioritised buildings with visible structural distress, severe cracking, tiltin..

Damage Reported At Halwara Airport Terminal After First Rains

Severe damage was reported at the terminal of Halwara Airport during the first major rain spell of the season, prompting immediate concern among aviation and local authorities. Images from the site showed water ingress and visible deterioration of the terminal interior, affecting passenger areas and ancillary services. The airport authority suspended certain operations temporarily to assess structural safety and ensure passenger wellbeing. Preliminary inspections have prioritised electrical systems and roof seals to prevent further water ingress. State aviation officials ordered a formal inqui..