Sebi cuts cooling-off period for OFS by privately listed illiquid InvITs to 8 weeks

What happened: Sebi reduced the cooling-off period for offers for sale by privately listed illiquid InvITs from 12 weeks to 8 weeks. Key numbers: Cooling-off period cut from 12 weeks to 8 weeks. Why it matters: Sebi said the change follows feedback from market participants and aims to enhance the ease of doing business. Illiquid InvITs typically face low trading volumes and large lot sizes.

Sebi reduced the cooling-off period for offers for sale by privately listed illiquid InvITs from 12 weeks to 8 weeks.

Sebi said the change follows feedback from market participants and aims to enhance the ease of doing business. Illiquid InvITs typically face low trading volumes and large lot sizes.