Disclosure requirements in offer document/placement for InvITs

By | October 21, 2016
(Last Updated On: October 21, 2016)

SEBI

CIRCULAR

CIR/IMD/DF/114/2016

October 20, 2016

To

All Infrastructure Investment Trusts (InvITs)

All Parties to InvITs

All Stock Exchanges

All Merchant Bankers

Dear Sir / Madam,

Sub: Disclosure of financial information in offer document/placement memorandum for InvITs

1. Regulation 15(3), read with Schedule III, and Regulation 15(4) of the SEBI (Infrastructure Investment Trusts) Regulations, 2014 prescribe disclosures to be made in an offer document and placement memorandum respectively. The said disclosures, inter-alia, include disclosures for financial information of the InvIT as well as the Investment Manager and the Sponsor.

2. With reference to aforesaid Regulations, the detailed requirements for disclosure of financial information in offer document/placement memorandum for InvITs are placed at ‘Annexure – A’.

3. This Circular is issued in exercise of powers conferred under Section 11(1) of Securities and Exchange Board of India Act, 1992 read with Regulation 33 of InvIT Regulations.

4. This Circular is available on SEBI website at www.sebi.gov.in under the categories “Legal Framework” and under the drop down “Circulars”.

Yours faithfully,

Richa G. Agarwal

Deputy General Manager

Investment Management Department

Tel No.022-2644 9596

Email id – richag@sebi.gov.in

Download Complete Circular and Annexure on Disclosure of financial information in offer document/placement memorandum for InvITs

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