Category: P7
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C&I Green Open Access-play: The next big investment destination for infra funds?
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C&I market significantly untapped – accounts for just 6% of the total renewable power purchases Captive open access the most preferred route – i.e. procuring power for captive consumption from private renewable players using govt. transmission facilities. C&I consumer perspective – low investment, significant cost savings,
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Smart meters: The basic infrastructure for a green future
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Smart meters are essentially a data play – offering unprecedented data that can be used to bring online more green energy, curb electricity loses and reduce costs for consumers The sector has immense depth – USD 30 bn over just the next 2-3 years….
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SEBI is slowly re-defining InvITs: What’s at risk for the product and its institutional audience?
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Strong minority unitholder protections introduced – for both public and private InvITs Private InvITs originally designed to attract large institutional capital – light touch re- gulations allowed flexibility to parties to manage their arrangements…
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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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Private Credit: Supreme Court holds that ownership of pledged shares remains with pledgor despite transfer to pledgee
SC overrules a series of prior rulings which held that pledgee becomes the owner of pledged shares upon invocation. SC holds that even though pledgee is recorded as beneficial owner upon invocation, pledgee only receives ‘special rights’ and not ‘ownership’ over pledged shares. The term ‘actual sale’ means sale to a third party…
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Threat of valuation litigation in Public M&A – Carlyle-PNB Effect!
SEBI floor price prescription in case of fund raises should not automatically dislodge directors’ duty to exercise independent judgment and maximise shareholder value Target boards to proactively consider appointing an independent banker and running a robust auction process for capital raises…
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SEBI Introduces Special Situation Funds: Opens doors for acquisition of stressed loans without ARC intermediation
Special Situation Funds (SSF) have been launched Category – 1 AIF for sophisticated investors Offshore investors no longer have to rely on an Asset Reconstruction Company / Asset Reconstruction Trust framework to invest in stressed assets…