The amendment revises the definition of family trusts and intermediaries, requiring them to have a net worth exceeding ₹500 crore to be recognised under the relevant clause. It also aligns the definition of ‘qualified institutional buyer’ with that under the ICDR Regulations. Another update relates to the definition of ‘strategic investor’, expanding eligibility to institutional investors, specific foreign portfolio investors, and regulated NBFCs across middle, upper, and top layers. Strategic investors must invest at least 5% of the total offer size.