REIT regulations expand investor definitions to include institutional investors, link QIB meaning, and broaden strategic investor criteria. The Regulations define institutional investor as a qualified institutional buyer or a family trust/intermediary with net worth over five hundred crore rupees, substitute the definition of qualified institutional buyer to align with the Issue of Capital and Disclosure Requirements regulations, and expand strategic investor to include institutional investors, certain foreign portfolio investors, specified NBFC layers, and other Board-specified entities investing at least five per cent. of the total offer size, subject to foreign exchange compliance and prior consultation with relevant financial-sector regulators.
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REIT regulations expand investor definitions to include institutional investors, link QIB meaning, and broaden strategic investor criteria.
The Regulations define institutional investor as a qualified institutional buyer or a family trust/intermediary with net worth over five hundred crore rupees, substitute the definition of qualified institutional buyer to align with the Issue of Capital and Disclosure Requirements regulations, and expand strategic investor to include institutional investors, certain foreign portfolio investors, specified NBFC layers, and other Board-specified entities investing at least five per cent. of the total offer size, subject to foreign exchange compliance and prior consultation with relevant financial-sector regulators.
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