SEBI reduces Minimum Subscription Requirement for REITs

SEBI has reduced the minimum subscription requirement as well as defined trading lots for REITs and InvITs.

SEBI has come out with its guidelines titled "Guidelines for Determination of Allotment and Trading Lot Size for Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs)"
For determining the allotment in an initial offer and follow on public offers, REITs have to offer their units in lots worth at least Rs 50,000 and in case of InvITs, the minimum value of a single lot should be Rs 1 lakh.
The allotment to any investor shall be made in the multiples of a lot.
For initial listing in case of REITs and InvITs, a trading lot should be of 100 units and for follow on public offers, each lot shall consists of such number of units in its trading lot as it had at the time of initial offer.
Moreover, SEBI has also increased the leverage limit for InvITs from 49 per cent to 70 per cent.

Q. Who has reduced the minimum subscription requirement as well as defined trading lots for REITs and InvITs?
a. NSE
b. SEBI
c. FICCI
d. CII