Why has SEBI cut listing time for REITs and INVITs?
Answer
Answer
In a bid to streamline the process, SEBI has cut the time line for allotting IPOs and listing in the case of REITs and INVITs from 12 days to just 6 days. This rule will be applicable to REITs and INVIT issues opening after 01st June 2022. Both needed a more robust process control system to get wider investor interest.