Reduction of timelines for listing of units of Real Estate Investment Trust (REIT) and Infrastructure Investment Trust (InvIT)

On 28 April 2022, SEBI in continuing endeavor to streamline the process of public issue of units of Real Estate Investment Trust (REIT) decided to reduce the time taken for allotment and listing after the closure of issue to 6 working days as against the present requirement of within 12 working days.

Similarly, on 28 April 2022, SEBI in continuing endeavor to streamline the process of public issue of units of Infrastructure Investment Trust (InvIT) decided to reduce the time taken for allotment and listing after the closure of issue to 6 working days as against the present requirement of within 12 working days. Several timelines from issue closure till listing were reduced by the Board to bring in efficiency and to protect the interests of investors in securities and to promote the development of, and to regulate the securities markets.

The SCSBs, stock exchanges, depositories, intermediaries shall co-ordinate to ensure completion of listing (through public issue) and commencement of trading of units of REITs and InviTs, within 6 working days from the date of closure of issue.