IndiGrid, the country’s first power sector infrastructure investment trust (InvIT), on Monday announced reduction of its trading lot size from the current 5,103 units to 1,701 units, meeting new norms of markets regulator Sebi.
“The newly traded lot sizes will be effective from September 30, 2019. In April 2019, Sebi came out with revised guidelines for determination of allotment and trading lot size for InvITs and REITs (real estate investment trusts) whereby it specified that the minimum value of a single lot i.e. the minimum subscription requirement should be brought down from Rs 5 lakh to Rs 1 lakh for InvITs and to Rs 50,000 in case of REITs,” according to a statement by IndiGrid.
