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Sebi amends norms for draft filing fees for InvITs

Sebi amends norms for draft filing fees for InvITs

The Securities and Exchange Board of India (Sebi) on Tuesday amended norms for draft filing fees paid by infrastructure investment trusts (InvITs) for initial offers and rights issue. According to the circular uploaded on Tuesday, InvITs are required to pay non-refundable filing fees of 0.1% in case of initial offer, and 0.05% in case of rights issue of the total issue size, including the green shoe option, at the time of filing of draft placement memorandum/offer letter with respect to private placement.

The regulator further said that the amendments will come into force on the date of their publication in the Official Gazette. Prior to the new norms, InvIT were required to pay non-refundable filing fees of 0.1% of the total issue size, irrespective of the type of issue.

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