Category: Raina Mitra
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EduInfra – Emergence of a new asset class
EduInfra offers a promising 10 – 11% entry cap rate for annuity investors with rental escalations in the region of 3 – 5% Infrastructure classification allows for tax optimal exit through InvITs Seller awareness needed – operators slowly moving towards asset light models; depth, but potential…
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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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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…