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

Investissement institutionnel étranger en Inde - Initiative des investisseurs financiers

Instantané

L'Inde a reçu 147 milliards de dollars d'investissements privés entre 2014-2019; avec des entrées de 48 milliards de dollars en 2019 contre 888 milliards de dollars d'investissements institutionnels dans le monde.

Les fonds axés sur l'Inde ont été en mesure de générer des rendements plus élevés de 14,4% par rapport aux autres marchés d'Asie. Au cours des cinq dernières années, les secteurs clés tels que les infrastructures, le commerce électronique et les services financiers ont attiré les investissements les plus élevés des investisseurs institutionnels.

$ 214 Bn
Investissements institutionnels depuis 2000
1 053
Offres en 2019
50 000+
Startups en Inde
660+
Fonds actifs en Inde

Investissements récents

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 share capital of NSPIRA Management Services Private Limited .
Mar 28, 2023
CCI approves acquisition of shareholding of JM Baxi Ports and Logistics Limited by HL Terminal Holding B.V.
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 METRO Cash and Carry India Private Limited by Reliance Retail Ventures Limited.
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 15, 2023
CCI approves acquisition of certain equity share capital of LT Foods Limited by SALIC International Investment Corporation.
Feb 14, 2023
CCI approves proposed acquisition of upto 25% shareholding in HPPL by National Investment and Infrastructure Fund and proposed merger of HIPL into HPPL.
Feb 14, 2023
CCI approves consolidation of HPM Business of LANXESS AG and DEM Business of Koninkiljke DSM N.V. under Zehnte LXS GmbH, a JV HoldCo of Platin 2170 GmbH & LANXESS.
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 14, 2023
CCI approves acquisitions of commercial real estate assets by Nexus Select Trust.
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.
Nov 07, 2022
Reliance Industries is set to acquire German retailer METRO AG's Cash & Carry business in India in a deal estimated at around 500 mn euros.
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
Dix investisseurs de premier plan, dont ADIA, TPG, PIF, KKR et Mubadala, ont investi 15 milliards de dollars américains dans Reliance Jio. Lire la suite
Jun 06, 2020
Emami Group vend ses activités solaires à Brookfield au Canada. Lire la suite
Apr 29, 2020
KKR élargit son portefeuille en Inde en acquérant cinq actifs solaires. Lire la suite
Mar 23, 2020
CureFit lève des fonds auprès de Temasek. Lire la suite
Feb 11, 2020
Qatar Investment Authority acquiert Adani Electric. Lire la suite
Feb 06, 2020
CDPQ et Piramal Asset Management Pvt. Ltd a lancé une plateforme de financement par crédit privé de 300 mm US. Lire la suite
Dec 25, 2019
GIC investit dans IRB Infrastructure Trust et reçoit la première tranche. Lire la suite
Dec 16, 2019
Les actifs de la tour Reliance Jio sont vendus au Canada Brookfield Lire la suite
Dec 05, 2019
CPG, OIRPC, super investissement australien dans NIIF. Lire la suite
Nov 25, 2019
Paytm lève des fonds auprès de T Rowe Price. Lire la suite
Nov 21, 2019
Cube Highways remporte le troisième lot TOT de NHAI. Lire la suite
Oct 17, 2019
PremjiInvest, Warburg Pincus- SBI General Insurance. Lire la suite

Scénario de l'industrie

La valeur des transactions PE a continué d'augmenter, tandis que le nombre de transactions a plafonné depuis 2015.

La valeur de la transaction a doublé, passant de 17,6 milliards de dollars répartis sur un nombre à peu près similaire de transactions illustrant la maturité croissante de l'écosystème des transactions.

Au cours des dernières années, certaines des meilleures transactions ont été ancrées par des fonds gouvernementaux en raison des opportunités de capital patient sur le marché avec un rendement favorable. Avec des fonds souverains et de retraite comme le GIC, l'Autorité d'investissement d'Abou Dhabi (ADIA) et l'Office d'investissement du régime de pensions du Canada (OIRPC) allouant des milliards de dollars aux investissements en Inde, les fonds devraient certainement augmenter en 2020; Brookfield devenant le plus grand investisseur privé en Inde en 2019.

Moteurs de croissance

Investissement dans l'infrastructure de 1,4 billion de dollars entre 2019 et 2025
21% de cet investissement par le secteur privé; Exonération fiscale à 100% pour les investissements des fonds souverains et des fonds de pension
De nouveaux modèles d'investissement pour une plus grande participation privée
REIT et InvIT lancés en Inde; Objectif de désinvestissement stratégique de 27,6 milliards de dollars en FY21
3e plus grand écosystème de startups au monde
Écosystème domestique évalué à plus de 90 milliards de dollars; 31 licornes indiennes et en croissance
Facilité de l'environnement réglementaire
Limite d'investissement institutionnel ramenée au même niveau que le seuil d'investissement IDE
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

Graphique de l'investissement en PE en Inde

Tendance de l'industrie

REMARQUES-

Le secteur des infrastructures a représenté un tiers de tous les capitaux privés investis en Inde, suivi des services financiers.
La superficie de l'arborescence est proportionnelle aux montants des transactions
En survolant la zone, l'arborescence présentera le no. des transactions et des faits saillants / transactions.
Tous les chiffres sont en milliards de dollars américains
D'autres incluent des secteurs comme l'éducation, l'alimentation, le divertissement, les télécommunications, la logistique et la vente au détail et la consommation

Open
*Validated OnMay 29, 2023

Directives de procédure pour les conseillers en procuration

Directives de procédure pour les conseillers en procuration…
Open
*Validated OnMay 29, 2023

Manière et mécanisme de fournir une option de sortie aux…

Ce document détaille les lignes directrices concernant les…
Open
*Validated OnMay 29, 2023

Manière et mécanisme de fournir une option de sortie aux…

Ce document détaille les lignes directrices concernant les…
Open
*Validated OnMay 29, 2023

Lignes directrices pour l'émission et l'…

Les modifications pour notifier la valorisation des MLD son…
Open
*Validated OnMay 29, 2023

Loi de 2020 sur le Code de l'insolvabilité et de la…

Le Parlement adopte des amendements au Code indien de l'ins…
Open
*Validated OnMay 29, 2023

Ordonnance de 2020 sur le Code de l'insolvabilité et…

Amendements au code IBC en raison de la pandémie COVID-9 en…
Open
*Validated OnMay 29, 2023

Cadre opérationnel des opérations sur titres de créance en…

Le cadre opérationnel pour les transactions sur les titres…
Open
*Validated OnMay 29, 2023

Securities and Exchange Board of India (Substantial…

Modification du règlement de 2011 sur la Securities and Exc…
Open
*Validated OnMay 29, 2023

Securities and Exchange Board of India (Issue of Capital…

Amendements au règlement de la Securities and Exchange Boar…
Open
*Validated OnMay 29, 2023

Réunion des porteurs de parts d'InvIT et de FPI par…

Les invITs / REITs peuvent convoquer une assemblée des port…
Open
*Validated OnMay 29, 2023

Code de l'insolvabilité et de la faillite, 2016 (…

Acte pour consolider et modifier les lois relatives à la ré…
Open
*Validated OnMay 29, 2023

Règlement sur les fiducies de placement immobilier SEBI (…

Cadre, règles et réglementation des FPI
Open
*Validated OnMay 29, 2023

Règlement sur les fiducies d'investissement dans l…

Cadre, règles et réglementations des InvIT
Open
*Validated OnMay 29, 2023

Règlement sur les fonds d'investissement alternatifs…

Lignes directrices pour la création et le fonctionnement de…
Open
*Validated OnMay 29, 2023

Circulaire principale de la RBI sur les investissements…

Règles et réglementations mises en œuvre dans le cadre de l…
Open
*Validated OnMay 29, 2023

Monétisation des routes nationales opérationnelles

L'Autorité nationale des routes de l'Inde (NHAI) monétise l…

Faits saillants de l'industrie

12

Forfaits autoroutes
100%

Exonération fiscale
14,4%

TRI moyen (Inde)

12 lots de lots autoroutiers de plus de 6000 km à monétiser d'ici 2024
Les fonds souverains bénéficieront d'une exonération fiscale de 100% sur leurs revenus d'intérêts, de dividendes et de gains en capital pour les investissements réalisés avant 2024 dans les infrastructures et autres secteurs notifiés
Partie de LIC à privatiser via une introduction en bourse
Les fonds établis en Asie et en Inde affichaient en moyenne un TRI de 11,9% et 14,4% respectivement. Cela constitue une bonne référence pour les investisseurs
Désinvestissement de BPCL et Concor - Jeter les bases d'un programme de vente stratégique
Modes d'investissement - FDI, FVCI, FPI, REIT, INvits, AIF

Grands investisseurs

Équipe de l'Initiative des investisseurs financiers

Financial Investors Initiative est une équipe mise en place dans le but de faciliter une plus grande allocation de capital à l'Inde par les commanditaires et un déploiement accru par les commanditaires. L'équipe travaille avec les investisseurs pour identifier les opportunités d'investissement, entreprendre un plaidoyer politique et faciliter la résolution des problèmes à différentes étapes de l'investissement.

Initiatives clés prises par l'équipe FII pour promouvoir l'investissement institutionnel

Identification des pistes d'investissement en adéquation avec les intérêts des investisseurs
Recherche documentaire pour l'élaboration d'une stratégie d'investissement en Inde
Conseil en investissement stratégique et modélisation financière
Assistance pour l'obtention des autorisations et autorisations requises
Suivi grâce à la résolution des problèmes avec le soutien des organismes de réglementation