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    <title>Investments by FPIs in REITs, InvIts, AIFs and corporate bonds under default</title>
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    <description>Permits FPIs to invest in units of REITs, InvITs and Category III AIFs under Regulation 21(1)(n), subject to SEBI terms and a maximum FPI stake in Category III AIFs. Authorises FPIs to acquire NCDs/bonds under default, guided by RBI definitions for amortising bonds; restructured instruments must have a minimum revised maturity of three years. FPIs must disclose offer terms to Debenture Trustees and investments count against the extant corporate debt limit while remaining subject to existing corporate debt rules.</description>
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