SEBI (Infrastructure Investment Trusts) Regulations, 2014 (“InvIT Regulations”) define strategic investors under Regulation 2(1)(zza) of the InvIT Regulations and allows them to participate in InvITs. Further, SEBI (Real Estate Investment Trusts) Regulations, 2014 (“REIT Regulations”) vide amendment notification dated December 15, 2017, inter-alia, define strategic investors under Regulation 2(1)(ztb) of the REIT Regulations and allows them to participate in REITs.
In this regard the operational modalities, for the participation by the strategic investors in InvITs and REITs have been notified vide Circular SEBI/HO/DDHS/CIR/P/2018/10 dated January 18, 2018.
The aforesaid Circular is appended for ease of reference and is also available on SEBI website at www.sebi.gov.in under the categories “Legal Framework” and under the drop down “Circulars”.
Hitesh Desai Nisha Mehta
Addl. General Manager Associate Manager
Listing Compliance Listing Compliance
January 25, 2018