Category: Aditya Jain
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Part 1: CCI approval for minority PIPE deals β to file or not to file?
CCIβs recent changes streamline the βsolely as investmentβ exemption β most relevant for minority PIPE investments
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SEBI vs Hindenburg: Separating The Law From The Noise
SEBI issues show-cause notice to Hindenburg, alleges violation of securities laws and fraud Hindenburg in its public response calls SEBIβs notice as βnon-senseβ and lacking substance ….
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Indian HNI investments into offshore funds – RBI addresses industry concerns
Indian HNI investments into offshore funds – RBI addresses industry concerns June 12, 2024 Author: Aditya Jain & Shivam Yadav What? Indian individuals can now invest in offshore investment funds setup as companies or partnerships, which though unregulated themselves are managed by a regulated investment manager as per the RBI circular dated June 07, 2024…
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RBIs draft lending norms – how big will the impact be on infra projects?
RBIs draft lending norms – how big will the impact be on infra projects? June 7, 2024 Author: Aditya Jain What? On May 3rd, 2024 RBI released βstricterβ draft norms for banks, NBFCs and FIs lending to under-construction projects Provisioning requirements proposed to be increased from 0.4% to 5% during construction phase for standard assets…
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Shadow trading β a new chapter in Insider Trading? Learnings from US SEC
In a novel case of Shadow Trading, California District Court held that MNPI about one company could count as MNPI for another company if they are economically linked What is Shadow Trading? What is the concept of economically linked entities? How is international jurisprudence…
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RBI eases restrictions on Bank investments into AIF – Why and what next?
βEvergreeningβ of loans by banks, NBFCs, etc. through fund structures shut down through 2 circulars β Banking entities can no longer indefinitely extend loan tenures by transferring their loan exposures to AIFs In RBIβs first circular, banks having indirect exposure to a borrower through an AIF required to either liquidate their…