Mumbai, Aug. 4 -- In a consultation paper released on Friday (August 01), SEBI has proposed broadening the definition of 'strategic investor' under REIT and InvIT norms to include Qualified Institutional Buyers (QIBs) and certain Foreign Portfolio Investors (FPIs) in order to to attract more institutional capital to these asset classes.

According to the present definition, infrastructure finance companies registered with the Reserve Bank of India (RBI) as non-banking financial company (NBFC), scheduled commercial banks, development financial institutions, systemically-important NBFCs registered with RBI, FPIs, insurance companies and mutual funds, which invest in the offer size of the Real Estate Investment Trusts (REITs) or Infrastructu...