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

Sebi has reduced the cooling-off period for offer-for-sale transactions by privately listed illiquid InvITs to eight weeks.

Change applies to privately listed illiquid InvITs

The decision specifically covers privately listed illiquid infrastructure investment trusts, or InvITs, and their offer-for-sale transactions. Under the revised framework, the applicable cooling-off period is now eight weeks.

What the change means

The measure changes the time interval associated with OFS transactions by the specified category of InvITs. The announcement does not provide further details on the implementation or other related provisions.

The revised eight-week period is the central change announced by Sebi for privately listed illiquid InvITs.