Sebi lays guidelines on preferential issue, institutional placement for listed REIT, InvIT
However, the allotment of units can be made to the sponsor for unsubscribed portion in the institutional placement where at least 90 per cent of the issue size has been subscribed, the object of the issue is the acquisition of assets from that sponsor and unit-holders approval has been taken for unsubscribed portion being allotted to sponsor.
