Floor price for institutional placement for privately placed InvITs shall be NAV per unit of such InvIT: SEBI

Previously, according to the SEBI Master Circular for InvITs dated July 06, 2023, institutional placements of InvITs were required to be conducted at a price not lower than the average of the weekly high and low closing prices of units on the stock exchange two weeks before the relevant date. However, SEBI has now determined that the floor price for institutional placement of privately placed InvITs shall be the NAV per unit of such InvIT. This price will be determined based on the full valuation of all existing InvIT assets.