SEBI, in its 210th board meeting, held on June 18, 2025, has approved amendments to the InvIT Regulations and the REIT Regulations, including:
i. amending the definition of ‘public’ to exclude related parties to the InvIT or REIT and related parties to the sponsor, manager and project manager, unless such party is a qualified institutional buyer;
ii. adjusting negative cash flows at the HoldCo with distributions received from the special purpose vehicles while calculating net distributable cash flows;
iii. alignment of timelines for submission of various reports with the submission of financial results; and
iv. revision of the minimum allotment size for privately placed InvITs to INR 2,500,000 (approx. USD 29,000) in alignment with the trading lot.