What is a ‘Foreign Institutional Investor’?, full_html

An entity established or incorporated outside India which proposes to make investment in India and which is registered as a FII in accordance with the Securities and Exchange Board of India (SEBI) (Foreign Institutional Investor) Regulations 1995. For more information, click here. , full_html

What are the limits of FII/FPIs Investment in securities in India?, full_html

Foreign Institutional Investor (FII) and Foreign Portfolio Investors (FPI) may in terms of Schedule 2 and 2A of FEMA (Transfer or Issue of Security by Persons Resident Outside India) Regulations, as the case may be, respectively, invest in the capital of an Indian company under the Portfolio Investment Scheme which limits the individual holding of an FII/FPI below 10% of the capital of the company and the aggregate limit for FII/FPI investment to 24% of the capital of the company. This aggregate limit of 24% can be increased to the sectoral cap/statutory ceiling, as applicable, by the Indian company concerned through a resolution by its Board of Directors followed by a special resolution to that effect by its General Body and subject to prior intimation to RBI. The aggregate FII/FPI investment, individually or in conjunction with other kinds of foreign investment, will not exceed sectoral/statutory cap. , full_html

Who is a Foreign Venture Capital Investor (FVCI)?, full_html

FVCI refers to an investor incorporated and established outside India, which is registered under the Securities and Exchange Board of India (Foreign Venture Capital Investor) Regulations, 2000 {SEBI (FVCI) Regulations} and proposes to make investments in accordance with FDI Regulations. For more information, click here. , full_html

What are investment vehicles?, full_html

Investment Vehicle is an entity registered and regulated under relevant regulations framed by SEBI or any other authority designated for the purpose. For the purpose of Schedule 8 of FEMA 20(R), an Investment Vehicle is a Real Estate Investment Trust (REIT) governed by the SEBI (REITs) Regulations, 2014, an Infrastructure Investment Trust (InvIt) governed by the SEBI (InvIts) Regulations, 2014 and an Alternative Investment Fund (AIF) governed by the SEBI (AIFs) Regulations, 2012. It does not include a Venture Capital Fund registered under the erstwhile SEBI (Venture Capital Funds) Regulations, 1996. For more information, click here. , full_html

What is an Angel Investor?, full_html

"Angel investor" means any person who proposes to invest in an angel fund and satisfies one of the following conditions, namely, Net tangible assets of at least INR 2 cr excluding value of his principal residence, and who: has early stage investment experience, or has experience as a serial entrepreneur, or is a senior management professional with at least ten years of experience A body corporate with a net worth of at least INR 10 cr, or An AIF/ VCF registered under these regulations. For more information, click here. , full_html

What is the meaning of Angel Fund?, full_html

"Angel fund” is a subcategory of Venture Capital Fund under Category I Alternative Investment Fund that raises funds from angel investors and invests in accordance with the provisions of AIF Regulations. , full_html

What is Fund of Funds?, full_html

Fund of Funds, in general parlance as gathered from publicly available sources is an investment strategy of holding a portfolio of other investment funds rather than investing directly in stocks, bonds or other securities. In the context of AIFs, a Fund of Fund is an AIF which invest in another AIF. Please refer to link for more information. , full_html

What is 'debt fund'?, full_html

Debt fund is an Alternative Investment Fund (AIF) which invests primarily in debt or debt securities of listed or unlisted investee companies according to the stated objectives of the Fund. These funds are registered under Category II. In this regard, it is clarified that, since Alternative Investment Fund is a privately pooled investment vehicle, the amount contributed by the investors shall not be utilised for purpose of giving loans. Please refer to section 2(1)(i) of SEBI (Alternative Investment Funds) Regulations, 2012 at link for more information. , full_html

In which legal forms can an AIF be set up?, full_html

An AIF under the SEBI (Alternative Investment Funds) Regulations, 2012 can be established or incorporated in the form of a trust or a company or a limited liability partnership or a body corporate. Most of the AIFs registered with SEBI are in trust form. Please refer to section 2(1)(b) of SEBI (Alternative Investment Funds) Regulations, 2012 at link for more information. , full_html

What is the limit specified under AIF regulations for number of investors?, full_html

No scheme of an AIF (other than angel fund) shall have more than 1000 investors. (Please note that the provisions of the Companies Act, 1956 shall apply to the AIF if it is formed as a company). In case of an angel fund, no scheme shall have more than two hundred angel investors. However, an AIF cannot make invitation to the public at large to subscribe its units and can raise funds from the sophisticated investors only through private placement. Please refer to section 4(b), 10(f) and 19E(4) of SEBI (Alternative Investment Funds) Regulations, 2012 at the link for more information , full_html

Can Venture Capital Funds registered under the repealed SEBI (Venture Capital Funds) Regulations, 1996 seek re-registration under SEBI (AIF) Regulations?, full_html

Venture Capital Funds (VCFs) registered under the repealed SEBI (Venture Capital Funds) Regulations, 1996 ("VCF Regulations") may seek reregistration under SEBI (Alternative Investment Funds) Regulations, 2012 subject to approval of two-third of their investors by value of their investment. As against other applications for registration as Category I- VCFs who have to pay INR 5 lakhs as registration fees, VCFs registered under the VCF Regulations are required to pay INR 1 lakh only as re-registration fees. Please refer to section 3(2) and second schedule of SEBI (Alternative Investment Funds) Regulations, 2012 at link for more information. , full_html

What are Category I AIFs?, full_html

AIFs which invest in start-up or early stage ventures or social ventures or SMEs or infrastructure or other sectors or areas which the government or regulators consider as socially or economically desirable and shall include venture capital funds, SME Funds, social venture funds, infrastructure funds and such other Alternative Investment Funds as may be specified. Please refer to section 3(4)(a) of SEBI (Alternative Investment Funds) Regulations, 2012 at link for more information. , full_html

What are Category II AIFs?, full_html

AIFs which do not fall in Category I and III and which do not undertake leverage or borrowing other than to meet day-to-day operational requirements and as permitted in the SEBI (Alternative Investment Funds) Regulations, 2012. Various types of funds such as real estate funds, private equity funds (PE funds), funds for distressed assets, etc. are registered as Category II AIFs. Please refer to section 3(4)(b) of SEBI (Alternative Investment Funds) Regulations, 2012 at link for more information. , full_html

What are Category III AIFs?, full_html

AIFs which employ diverse or complex trading strategies and may employ leverage including through investment in listed or unlisted derivatives. Various types of funds such as hedge funds, PIPE Funds, etc. are registered as Category III AIFs. Please refer to section 3(4)(c) of SEBI (Alternative Investment Funds) Regulations, 2012 at link for more information. , full_html

Inversión institucional extranjera en la India - Iniciativa de inversores financieros

Instantánea

India recibió 147.000 millones de dólares en inversiones de capital privado entre 2014 y 2019; con entradas de $ 48 mil millones en 2019 en comparación con $ 888 mil millones de inversión institucional a nivel mundial.

Los fondos enfocados en India han podido generar retornos más altos en 14.4% en comparación con otros mercados en Asia. Durante los últimos cinco años, sectores clave como la infraestructura, el comercio electrónico y los servicios financieros han atraído la mayor inversión de inversores institucionales.

PS 214 Bn
Inversiones institucionales desde 2000
1.053
Ofertas en 2019
50.000+
Startups en India
660+
Fondos activos en India

Inversiones recientes

May 29, 2023
ADB, India sign $141.12 mn loan for industrial corridor development in Andhra Pradesh.
May 28, 2023
CCI approves proposed merger of Credit Suisse Group AG with UBS Group AG.
Mar 28, 2023
CCI approves acquisition of shareholding of JM Baxi Ports and Logistics Limited by HL Terminal Holding B.V.
Mar 28, 2023
CCI approves acquisition of share capital of NSPIRA Management Services Private Limited .
Mar 15, 2023
CCI approves acquisition of METRO Cash and Carry India Private Limited by Reliance Retail Ventures Limited.
Mar 15, 2023
CCI approves acquisition of 100% of equity share capital of L&T Infrastructure Development Projects Limited and Kudgi Transmission Limited, by Epic Concesiones Private Limited and Infrastructure Yield Plus II, respectively.
Mar 15, 2023
CCI approves acquisition of sole control of Meritor by Cummins.
Feb 23, 2023
CCI approves acquisition of 100% of issued and outstanding share capital and sole control of VGP Holdings LLC by Gateway Velocity Holding Corp.
Feb 17, 2023
CCI approves proposed acquisition by Dalmia Cement (Bharat) Limited of target assets from Jaiprakash Associates Limited and its associate.
Feb 14, 2023
CCI approves acquisitions of commercial real estate assets by Nexus Select Trust.
Feb 14, 2023
CCI approves combination involving acquisition of up to 100% shareholding in R Systems International Limited by BCP Asia II Topco II Pte. Ltd.
Feb 14, 2023
CCI approves acquisition of 20% equity share capital of Keimed Private Limited by Ms. Shobana Kamineni through Prime Time Logistics Technologies Private Limited.
Feb 10, 2023
CCI approves acquisition of 100% equity and preference shares of Lanco Anpara Power Limited by Megha Engineering and Infrastructures Limited.
Feb 10, 2023
CCI approves acquisition of Huntsman International’s textile effects business by Archroma Operations S.à.r.l.
Nov 22, 2022
FPIs invested a net sum of INR 30,385 crore in equities during November 1-18, 2022.
Nov 07, 2022
JM Financial PE leads Rs 95 cr investment in Silveredge Tech.
Jul 25, 2022
L&T to sell 8 roads, transmission project to Edelweiss fund for Rs 7000 crore.
Jul 22, 2022
India Inc signs over 1,100 deals worth over $ 104 billion in first half of 2022. Read More
Jul 01, 2020
Diez inversionistas prominentes, incluidos ADIA, TPG, PIF, KKR y Mubadala, invirtieron US $ 15.000 millones en Reliance Jio. Lee mas
Jun 06, 2020
Emami Group vende el negocio de energía solar a la canadiense Brookfield. Lee mas
Apr 29, 2020
KKR amplía la cartera de India adquiriendo cinco activos solares. Lee mas
Mar 23, 2020
CureFit recauda fondos de la ronda liderada por Temasek. Lee mas
Feb 11, 2020
Qatar Investment Authority adquiere Adani Electric. Lee mas
Feb 06, 2020
CDPQ y Piramal Asset Management Pvt. Ltd ha puesto a flote una plataforma de financiamiento de crédito privado de US $ 300 mm. Lee mas
Dec 25, 2019
GIC invierte en IRB Infrastructure Trust, recibe el primer tramo. Lee mas
Dec 16, 2019
Los activos de la torre Reliance Jio se vendieron a la canadiense Brookfield. Lee mas
Dec 05, 2019
GIC, CPPIB, Superinversión australiana en NIIF. Lee mas
Nov 25, 2019
Paytm recauda fondos de la ronda liderada por T Rowe Price. Lee mas
Nov 21, 2019
Cube Highways gana el tercer paquete TOT de NHAI. Lee mas
Oct 17, 2019
PremjiInvest, Warburg Pincus- Seguros generales de SBI. Lee mas

Escenario de la industria

El valor de las transacciones de PE ha seguido aumentando, mientras que el recuento de transacciones se ha estancado desde 2015.

El valor de la transacción se ha duplicado de $ 17.600 millones distribuidos en una cantidad aproximadamente similar de transacciones que muestran una madurez creciente en el ecosistema de transacciones.

Durante los últimos años, algunas de las principales operaciones fueron respaldadas por fondos gubernamentales debido a las oportunidades de capital paciente en el mercado con un rendimiento favorable. Con fondos soberanos y de pensiones como GIC, la Autoridad de Inversiones de Abu Dhabi (ADIA) y la Junta de Inversiones del Plan de Pensiones de Canadá (CPPIB) que asignan miles de millones de dólares a inversiones en India, se espera que los fondos aumenten en 2020; Brookfield se convirtió en el mayor inversor privado de India en 2019.

Impulsoras del crecimiento

Inversión en infraestructura de $ 1.4 billones entre 2019 y 2025
21% de esta inversión a través del sector privado; Exención de impuestos del 100% para inversiones de fondos soberanos y fondos de pensiones
Nuevos modelos de inversión para una mayor participación privada
REIT e InvIT lanzados en India; Objetivo estratégico de desinversión de $ 27.6 mil millones en el año fiscal 21
3er ecosistema de startups más grande a nivel mundial
Ecosistema doméstico valorado en más de $ 90 mil millones; 31 unicornios indios y creciendo
Facilidad de entorno regulatorio
Límite de inversión institucional equiparado con el umbral de inversión de IED
SaaS saw steady momentum
With an expansive funding base in 2021: $4 billion+ in investments—as the India SaaS landscape demonstrated increasing maturity, including increasing depth of assets with proven revenue growth

Tendencia de la industria

NOTAS-

El sector de infraestructura representó un tercio de todo el capital privado invertido en India, seguido de los servicios financieros.
El área en el mapa de árbol es proporcional a los montos del trato
Al pasar el mouse sobre el área, el mapa de árbol mostrará el no. de las ofertas y los principales aspectos destacados / transacciones.
Todos los números están en miles de millones de dólares
Otros incluyen sectores como educación, alimentación, entretenimiento, telecomunicaciones, logística y venta minorista y consumo.

Open
*Validated OnMay 29, 2023

Directrices de procedimiento para asesores de poder

Directrices de procedimiento para asesores de representació…
Open
*Validated OnMay 29, 2023

Manera y mecanismo de proporcionar la opción de salida a…

Aquí se detallan las pautas con respecto a las condiciones,…
Open
*Validated OnMay 29, 2023

Manera y mecanismo de proporcionar la opción de salida a…

Aquí se detallan las pautas con respecto a las condiciones,…
Open
*Validated OnMay 29, 2023

Directrices para la emisión y cotización de productos…

Las modificaciones para notificar la valoración de MLD será…
Open
*Validated OnMay 29, 2023

Ley (Enmienda) del Código de Insolvencia y Quiebras, 2020

El Parlamento aprueba enmiendas al Código de Insolvencia y…
Open
*Validated OnMay 29, 2023

Ordenanza (enmienda) del Código de Insolvencia y Quiebras,…

Enmiendas al Código IBC debido a la pandemia de COVID-9 en…
Open
*Validated OnMay 29, 2023

Marco operativo para transacciones en valores de deuda en…

El marco operativo para las transacciones en valores de deu…
Open
*Validated OnMay 29, 2023

Securities and Exchange Board of India (Adquisición…

Enmienda al Reglamento de la Junta de Bolsa y Valores de la…
Open
*Validated OnMay 29, 2023

Reglamento de la Junta de Bolsa y Valores de la India (…

Enmiendas al Reglamento de la Junta de Bolsa y Valores de l…
Open
*Validated OnMay 29, 2023

Realización de reunión de partícipes de InvITs y REITs a…

Los InvIT / REIT pueden realizar reuniones de partícipes a…
Open
*Validated OnMay 29, 2023

El Código de Insolvencia y Quiebras, 2016 (modificado)

Una Ley para consolidar y enmendar las leyes relativas a la…
Open
*Validated OnMay 29, 2023

Reglamento de los Fideicomisos de Inversión Inmobiliaria (…

Marco, reglas y regulación de los REIT
Open
*Validated OnMay 29, 2023

Reglamento de Fideicomisos de Inversión en Infraestructura…

Marco, reglas y regulaciones de InvITs
Open
*Validated OnMay 29, 2023

Reglamento de fondos de inversión alternativos de SEBI, 2012

Lineamientos para la constitución y operación de Fondos de…
Open
*Validated OnMay 29, 2023

Circular maestra del RBI sobre inversión extranjera en India

Reglas y regulaciones implementadas bajo FEMA para promover…
Open
*Validated OnMay 29, 2023

Monetización de las carreteras nacionales operativas

La Autoridad Nacional de Carreteras de la India (NHAI) está…

Aspectos destacados de la industria

12

Paquetes de carreteras
100%

Exención de impuestos
14,4%

TIR media (India)

12 lotes de paquetes de carreteras de más de 6.000 km que se monetizarán para 2024
Fondos soberanos para obtener una exención fiscal del 100% sobre sus ingresos por intereses, dividendos y ganancias de capital para inversiones realizadas antes de 2024 en infraestructura y otros sectores notificados
Parte de LIC se privatizará mediante una OPI
Los fondos establecidos en Asia e India promediaron una TIR del 11,9% y 14,4%, respectivamente. Esto proporciona un buen punto de referencia para los inversores.
Desinversión de BPCL y Concor: sentar las bases para el programa de ventas estratégicas
Modos de inversión: FDI, FVCI, FPI, REIT, INvits, AIF

Grandes inversores

Equipo de la iniciativa de inversores financieros

La Financial Investors Initiative es un equipo creado con el objetivo de facilitar una mayor asignación de capital a la India por parte de los socios comanditarios y un mayor despliegue por parte de los socios generales. El equipo trabaja con los inversores para identificar oportunidades de inversión, realizar la promoción de políticas y facilitar la resolución de problemas en las diferentes etapas de la inversión.

Iniciativas clave tomadas por el equipo de FII para promover la inversión institucional

Identificación de vías de inversión alineadas con los intereses de los inversores.
Investigación de escritorio para construir la estrategia de inversión de India
Asesoramiento estratégico de inversiones y modelización financiera
Soporte para obtener los permisos y autorizaciones necesarios
Cuidados posteriores mediante la resolución de problemas con el apoyo de organismos reguladores