Market regulator SEBI has broadened the definition of "strategic investor" for REITs and InvITs, aimed at widening investor participation in their public issues.

The expanded criteria will make it easier for these trusts to attract capital, support greater flexibility and improve the overall ease of doing business.

The regulator believed that the current definition of strategic investor under the REIT (real estate investment trust) and InvIT (infrastructure investment trust) framework is narrow and excludes several large institutional investors, such as pension funds, provident funds, and insurance funds.

These entities, though active participants in REITs and InvITs due to their preference for long-term and stable income-generating assets, were not eligible to be categorised as strateg

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