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SEBI has asked issuers of REITs and InvITs, stock exchanges and all other intermediaries to ensure listing of units of REITs and InvITs within 6 working days from the closing of the issue.
Currently, they have to ensure the listing within 12 working days.
The new directive will come into force on July 1, 2022.
"As a part of the continuing endeavour to streamline the process of public issue of units of Infrastructure Investment Trust (InvIT), it has been decided to reduce the time taken for allotment and listing after the closure of issue to six working days as against the present requirement of within twelve working days," SEBI said in a circular on Thursday.
The regulator has issued a similar circular for REITs as well.
