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

Infrastructure Transport

16 Sep 2025

Metro Line 2B Phase 1 to Boost Realty in Mumbai’s Eastern Suburbs

Mumbai’s real estate sector is set for a major boost as Phase 1 of Metro Line 2B, between Mandale and Diamond Garden, nears completion. The Mumbai Metropolitan Region Development Authority (MMRDA) has confirmed that mandatory rectifications are done, and inspections by the Commissioner of Metro Railway Safety (CMRS) have been carried out. The 5.39-km stretch with five stations forms part of the larger DN Nagar–Mandale corridor, designed to ease congestion and improve east–west connectivity. Passenger operations are expected by December 2025, with the full line slated for 2027. ..

WattPower wins Best Inverter award at Global Solar Expo 2025

WattPower, a leading renewable energy solutions provider, has won the award for “Best Inverter in the Utility Segment” at the Global Solar Expo 2025. The recognition underscores the company’s commitment to delivering reliable, high-performance and future-ready solar solutions for large-scale projects. At the forefront of utility-scale solar, WattPower manufactures advanced string inverters that directly feed power into the Indian grid. With robust technology, high-quality components and comprehensive product lifecycle support, its solutions stand among the most sophisticated in the ..

Awfis delivers 67,000 sq. ft. innovation hub for eBay in Bengaluru

Awfis Space Solutions, India’s largest flexible workspace provider and the first publicly listed workspace solutions platform, has partnered with eBay to establish a 67,000 sq. ft. innovation hub at Embassy Tech Village, Bengaluru. The mandate covers design, build and management of the new office, which will act as a strategic hub supporting diverse functions and accelerating eBay’s AI-first commerce strategy. The centre will focus on artificial intelligence, engineering, product development and applied research, strengthening eBay’s growth in India. Embassy Tech Village, North Beng..