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

Investimento institucional estrangeiro na Índia - Iniciativa de investidores financeiros

Instantânea

A Índia recebeu US $ 147 bilhões em investimentos de capital privado entre 2014-2019; com entradas de US $ 48 bilhões em 2019, em comparação com US $ 888 bilhões de investimento institucional globalmente.

Os fundos focados na Índia têm conseguido gerar retornos mais elevados de 14,4% quando comparados com outros mercados da Ásia. Nos últimos cinco anos, setores-chave como infraestrutura, comércio eletrônico e serviços financeiros têm atraído o maior investimento de investidores institucionais.

$ 214 Bn
Investimentos institucionais desde 2000
1.053
Ofertas em 2019
50.000+
Startups na Índia
660+
Fundos ativos na Índia

Investimentos Recentes

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 15, 2023
CCI approves acquisition of certain equity share capital of LT Foods Limited by SALIC International Investment Corporation.
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 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 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 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 Huntsman International’s textile effects business by Archroma Operations S.à.r.l.
Feb 10, 2023
CCI approves acquisition of 100% equity and preference shares of Lanco Anpara Power Limited by Megha Engineering and Infrastructures Limited.
Nov 22, 2022
FPIs invested a net sum of INR 30,385 crore in equities during November 1-18, 2022.
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.
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
Dez investidores proeminentes, incluindo ADIA, TPG, PIF, KKR e Mubadala, investiram US $ 15 bilhões na Reliance Jio. Consulte Mais informação
Jun 06, 2020
O Grupo Emami vende negócios de energia solar para a canadense Brookfield. Consulte Mais informação
Apr 29, 2020
A KKR expande o portfólio da Índia adquirindo cinco ativos solares. Consulte Mais informação
Mar 23, 2020
CureFit levanta fundos da Temasek conduzida rodada. Consulte Mais informação
Feb 11, 2020
A Autoridade de Investimentos do Qatar adquire a Adani Electric. Consulte Mais informação
Feb 06, 2020
CDPQ e Piramal Asset Management Unip. Ltd lançou uma plataforma de financiamento de crédito privado de US $ 300 milhões. Consulte Mais informação
Dec 25, 2019
GIC investe no IRB Infrastructure Trust e recebe a primeira parcela. Consulte Mais informação
Dec 16, 2019
Os ativos da torre Reliance Jio foram vendidos para a canadense Brookfield. Consulte Mais informação
Dec 05, 2019
GIC, CPPIB, Super investimento australiano no NIIF. Consulte Mais informação
Nov 25, 2019
Paytm levanta fundos com a rodada liderada por T Rowe Price. Consulte Mais informação
Nov 21, 2019
Cube Highways ganha o terceiro pacote TOT da NHAI. Consulte Mais informação
Oct 17, 2019
PremjiInvest, Warburg Pincus- SBI General Insurance. Consulte Mais informação

Cenário da Indústria

O valor da transação de PE continuou a aumentar, enquanto a contagem de transações estagnou desde 2015.

O valor do negócio dobrou de US $ 17,6 bilhões espalhados por um número aproximadamente semelhante de negócios retratando maturidade crescente no ecossistema de negócios.

Nos últimos anos, alguns dos principais negócios foram ancorados por fundos governamentais devido às oportunidades de capital pacientes no mercado com um retorno favorável. Com fundos soberanos e de pensão como GIC, Abu Dhabi Investment Authority (ADIA) e Canada Pension Plan Investment Board (CPPIB) alocando bilhões de dólares para investimentos na Índia, os fundos certamente deverão aumentar em 2020; com a Brookfield se tornando o maior investidor privado da Índia em 2019.

Drivers de crescimento

Investimento em infraestrutura de US $ 1,4 trilhão entre 2019 e 2025
21% desse investimento via setor privado; 100% de isenção de impostos para investimentos de fundos soberanos e fundos de pensão
Novos modelos de investimento para maior participação privada
REITs e InvITs lançados na Índia; Meta estratégica de desinvestimento de US $ 27,6 bilhões no AF21
3º maior ecossistema de startups globalmente
Ecossistema doméstico avaliado em mais de US $ 90 bilhões; 31 unicórnios indianos e crescendo
Facilidade de ambiente regulatório
Limite de investimento institucional igualado ao limite de investimento 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

Tendência da indústria

NOTAS-

O setor de infraestrutura foi responsável por um terço de todo o capital privado investido na Índia, seguido por serviços financeiros.
A área no mapa de árvore é proporcional aos valores do negócio
Ao pairar sobre a área, o mapa em árvore mostrará o não. de negócios e principais destaques / transações.
Todos os números estão em US $ bi
Outros incluem setores como educação, alimentação, entretenimento, telecomunicações, logística e varejo e consumidor

Open
*Validated OnMay 29, 2023

Diretrizes de procedimento para consultores de procuração

Diretrizes de procedimentos para conselheiros procuradores…
Open
*Validated OnMay 29, 2023

Forma e mecanismo de fornecer opção de saída para…

Isso detalha as diretrizes a respeito das condições, forma…
Open
*Validated OnMay 29, 2023

Forma e mecanismo de fornecer opção de saída para…

Isso detalha as diretrizes a respeito das condições, forma…
Open
*Validated OnMay 29, 2023

Diretrizes para Emissão e Listagem de Produtos Estruturados…

As alterações para notificar a avaliação de MLDs devem ser…
Open
*Validated OnMay 29, 2023

A Lei do Código de Insolvência e Falência (Emenda) de 2020

O Parlamento aprova emendas ao Código de Insolvência e Falê…
Open
*Validated OnMay 29, 2023

Decreto do Código de Insolvência e Falências (Emenda) de…

Alterações ao Código IBC devido à pandemia de COVID-9 em an…
Open
*Validated OnMay 29, 2023

Estrutura operacional para transações em títulos de dívida…

A estrutura operacional para transações em títulos de dívid…
Open
*Validated OnMay 29, 2023

Regulamentos do Conselho de Valores Mobiliários da Índia (…

Alteração dos Regulamentos do Conselho de Valores Mobiliári…
Open
*Validated OnMay 29, 2023

Regulamentos do Conselho de Valores Mobiliários da Índia (…

Alterações aos Regulamentos do Conselho de Valores Mobiliár…
Open
*Validated OnMay 29, 2023

Realização de reunião de participantes de InvITs e REITs…

Os InvITs / REITs podem realizar reuniões de titulares de u…
Open
*Validated OnMay 29, 2023

O Código de Insolvência e Falência de 2016 (alterado)

Uma lei para consolidar e alterar as leis relativas à reorg…
Open
*Validated OnMay 29, 2023

Regulamentos do SEBI Real Estate Investment Trusts (REITs)…

Estrutura, regras e regulamentação dos REITs
Open
*Validated OnMay 29, 2023

Regulamento SEBI Infrastructure Investment Trusts (InvITs)…

Estrutura, regras e regulamentos de InvITs
Open
*Validated OnMay 29, 2023

Regulamentos de Fundos de Investimento Alternativos SEBI,…

Diretrizes para a constituição e operação de Fundos de Inve…
Open
*Validated OnMay 29, 2023

Circular mestre do RBI sobre investimento estrangeiro na…

Regras e regulamentos implementados sob a FEMA para promove…
Open
*Validated OnMay 29, 2023

Monetização de rodovias nacionais operacionais

A Autoridade Nacional de Rodovias da Índia (NHAI) está mone…

Destaques do setor

12
Feixes de rodovias
100%
Isenção de imposto
14,4%
TIR média (Índia)

12 lotes de feixes de rodovias com mais de 6.000 km para serem monetizados até 2024
Os fundos soberanos devem obter 100% de isenção de impostos sobre juros, dividendos e rendimentos de ganho de capital para investimentos feitos antes de 2024 em infraestrutura e outros setores notificados
Parte da LIC será privatizada por meio de um IPO
Os fundos estabelecidos na Ásia e na Índia tiveram em média uma TIR de 11,9% e 14,4%, respectivamente. Isso fornece uma boa referência para os investidores
Desinvestimento de BPCL e Concor - estabelecendo as bases para um programa de venda estratégica
Modos de investimento - FDI, FVCI, FPI, REITs, INvits, AIFs

Grandes investidores

Equipe de Iniciativa de Investidores Financeiros

A Iniciativa de Investidores Financeiros é uma equipe criada com o objetivo de facilitar a maior alocação de capital para a Índia por Limited Partners e maior implantação por General Partners. A equipe trabalha com investidores para identificar oportunidades de investimento, realizar advocacy de políticas e facilitar a resolução de problemas em diferentes estágios de investimento.

Principais iniciativas tomadas pela equipe FII para promover o investimento institucional

Identificação de avenidas de investimento alinhadas com os interesses dos investidores
Pesquisa de desktop para construção de estratégia de investimento na Índia
Consultoria de investimento estratégico e modelagem financeira
Suporte para obter as permissões e autorizações necessárias
Cuidados posteriores durante a resolução de problemas com o apoio de órgãos reguladores