The notification redefine “public” to include a qualified institutional buyer who is also a related party, while excluding the sponsor, sponsor group, investment manager, and project manager of the InvIT. It also adjust reporting and valuation timelines, mandating the submission of valuation reports and financial results to the stock exchanges and trustees within specified periods. It also introduce a quarterly valuation requirement for InvITs whose consolidated borrowings exceed 49%. For privately placed InvITs, the minimum investment from an investor has been reduced to ₹25 lakh.