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

在印度的外國機構投資-金融投資者倡議

快照

2014-2019年間，印度獲得了1,470億美元的私人資本投資； 2019年的資金流入為480億美元，而全球的機構投資為8,880億美元。

與亞洲其他市場相比，以印度為重點的基金能夠產生14.4％的更高回報。在過去的五年中，基礎設施，電子商務和金融服務等關鍵領域吸引了機構投資者的最高投資。

$ 214 n
自2000年以來的機構投資
1,053
2019年交易
50,000+
印度的初創企業
660+
印度活躍基金

近期投資

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
包括ADIA，TPG，PIF，KKR和Mubadala在內的十個著名投資者向Reliance Jio投資了150億美元。閱讀更多
Jun 06, 2020
Emami集團將太陽能業務出售給加拿大的Brookfield。閱讀更多
Apr 29, 2020
KKR擴大了收購五項太陽能資產的印度投資組合。閱讀更多
Mar 23, 2020
CureFit籌集了淡馬錫牽頭的融資。閱讀更多
Feb 11, 2020
卡塔爾投資局收購Adani Electric。閱讀更多
Feb 06, 2020
CDPQ和Piramal Asset Management Pvt。 Ltd.已經推出了一個價值300美元的私人信貸融資平台。閱讀更多
Dec 25, 2019
GIC投資IRB基礎設施信託，獲得第一筆款項。閱讀更多
Dec 16, 2019
Reliance Jio塔的資產出售給了加拿大的Brookfield。閱讀更多
Dec 05, 2019
GIC，CPPIB，澳大利亞對NIIF的超級投資。閱讀更多
Nov 25, 2019
Paytm從T Rowe Price領投的融資中籌集資金。閱讀更多
Nov 21, 2019
Cube Highways贏得NHAI的第三個TOT捆綁包。閱讀更多
Oct 17, 2019
Warm Pincus PremjiInvest-SBI一般保險。閱讀更多

行業場景

自2015年以來，私募股權交易價值持續增長，而交易數量卻停滯不前。

交易額從176億美元（分佈在近似數量的交易中，說明交易生態系統中的成熟度不斷提高）的交易額增加了一倍。

在過去的幾年中，由於市場中耐心的資本機會和可觀的回報，一些頂級交易被政府資金所固定。 GIC，阿布扎比投資局（ADIA）和加拿大養老金計劃投資委員會（CPPIB）等主權基金和養老基金向印度投資分配了數十億美元，預計這些資金到2020年肯定會增加。布魯克菲爾德（Brookfield）成為2019年印度最大的私人投資者。

Growth Drivers

2019年至2025年間基礎設施投資為1.4萬億美元
這項投資的21％是通過私營部門進行的；主權財富基金和養老基金的投資免稅100％
新的投資模式可增加私人參與
在印度推出REIT和InvIT； 21財年戰略撤資目標為276億美元
全球第三大創業生態系統
國內生態系統價值超過900億美元； 31印度獨角獸和成長
寬鬆的監管環境
機構投資限額與FDI投資門檻相當
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

行業趨勢

筆記-

基礎設施部門佔印度私人投資總額的三分之一，其次是金融服務。
樹狀圖中的面積與交易金額成正比
懸停在該區域時，樹形圖將顯示編號。交易和主要亮點/交易。
所有數字均為十億美元
其他包括教育，食品，娛樂，電信，物流，零售和消費者等行業

Open
*Validated OnMay 29, 2023

代理顧問的程序準則

代理顧問的程序準則以及行為準則
Open
*Validated OnMay 29, 2023

根據2014年SEBI REITs條例第22（6A）條和第22（8）條向異議單位持有人提供退出期權的方式和機制

這詳細說明了將向異議單位持有人提供退出條件，方式和機制的準則。
Open
*Validated OnMay 29, 2023

根據2014年SEBI INVITs法規第22（5C）條和第22（7）條向異議單位持有人提供退出期權的方式和機制

這詳細說明了將向異議單位持有人提供退出條件，方式和機制的準則。
Open
*Validated OnMay 29, 2023

結構性產品/市場相關債券的發行和上市指南-修訂

通知MLD估價的修訂應由AMFI指定的機構進行估價
Open
*Validated OnMay 29, 2023

2020年破產和破產法（修正案）法

議會通過了《印度破產與破產法》的修正案。
Open
*Validated OnMay 29, 2023

2020年破產及破產法（修訂）條例

由於持續進行的COVID-9大流行，對IBC代碼進行了修訂
Open
*Validated OnMay 29, 2023

根據2008年SEBI（債務證券的發行和上市）條例的規定，違約債務證券在到期日/贖回日之後的交易操作框架

違約債務證券交易的操作框架，還規定了發行人，債券受託人，存託機構和證券交易所在允許進行此類交易時的義務。
Open
*Validated OnMay 29, 2023

2020年印度證券交易委員會（實質性收購股份和收購）（第二修正案）實施細則

2011年印度證券交易委員會（實質性收購股票和收購）實施細則修正案
Open
*Validated OnMay 29, 2023

2020年印度證券交易委員會（資本和披露要求的發行）（第二修正案）實施細則

2018年印度證券交易委員會（資本和披露要求問題）條例的修正案
Open
*Validated OnMay 29, 2023

通過視頻會議（VC）或其他視聽手段（OAVM）召開InvIT和REIT單位持有人會議

InvIT / REIT可以通過VC或OAVM召開單位持有人會議。通過VC或OAVM召開此類會議的InvIT / RE…
Open
*Validated OnMay 29, 2023

《 2016年破產與破產法典》（修訂本）

該法以時限的方式合併和修改與法人，合夥企業和個人的重組和破產解決有關的法律。
Open
*Validated OnMay 29, 2023

2014年SEBI房地產投資信託（REIT）規定

房地產投資信託基金的框架，規則和規定
Open
*Validated OnMay 29, 2023

2014年SEBI基礎設施投資信託（InvITs）法規

邀請函的框架，規則和規定
Open
*Validated OnMay 29, 2023

SEBI另類投資基金條例，2012年

另類投資基金的設立和運作指南。
Open
*Validated OnMay 29, 2023

印度儲備銀行關於印度外國投資的主要通知

根據FEMA實施的規章制度，以促進在印度的投資
Open
*Validated OnMay 29, 2023

運營中的國家公路貨幣化

印度國家公路局（NHAI）正在通過收費運營轉移（TOT）模型，將由公共資助的國家公路（NH）項目貨幣化，這些項目正在運營…