SEBI broadens REIT, InvIT strategic investor definition, includes QIBs

• SEBI broadened the definition of "strategic investor" for REITs and InvITs.
• The amendment aims to widen investor participation and attract more capital for these trusts.
• The previous definition excluded large institutional investors like pension and insurance funds.
• The new definition includes entities considered Qualified Institutional Buyers (QIBs), such as public financial institutions and AIFs.
• SEBI also reclassified REITs as equity-related instruments from January 1, 2026, to boost mutual fund and SIF participation.

Why It Matters: SEBI's rule change broadens investor access to REITs/InvITs, boosting capital flow.