Category: Isha Sen
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Investing into Infrastructure Holding Companies: What if you become a core investment company?
Infrastructure companies are mandated to execute concessions through SPVs, which often results in qualification of the holding company as a core investment company (CIC)CIC risk is often avoided by structuring EPC and O&M revenues through the hol- ding company and swelling …
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Investor or developer? Real estate regulator (RERA) classifies real estate fund as a promoter
The term ‘causes to construct’ in the definition of ‘promoter’ under RERA has been interpreted to include private funds exercising rights typical to such investments Protective rights of investors have been interpreted as being secondary to the rights of the homebuyers – in a conflict, the latter should be protected, notwithstanding inter-se contractual relationship between…
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Revamped Overseas Investment Regime (Part II) – Overseas Debt Investments Rationalized
Control threshold introduced for offshore debt – a shift of focus towards strategic growth Offshore private credit and special situation funding now permitted Debenture trustee’s introduced to encourage offshore funding to an Indian entity…
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SEBI formalises the use of co-investments but leaves some question marks?
SEBI introduces a new co-investment framework permitting AIF investors to co-invest alongside the AIF through portfolio managers The new framework provides that co-investments cannot be on more favourable terms than AIF investments Co-investments are not permitted in listed securities…