ODI Articles

Key takeaways

  • Round tripping no longer illegitimate – doors open for externalisation and de-SPAC transactions
  • Definitional clarity on direct investments and portfolio investments
  • Indian GP‘s get a glidepath to setup offshore pooling structures
  • Big boost to GIFT City – regulatory approvals for manager setup and fund contributions eased
  • Investment in offshore startups under approval; wider ambit of instruments under portfolio investments; swaps now permitted

Key takeaways

  • 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
  • Financial commitment limits liberalised for funding availed by an Indian entity
  • Computation of networth to be on a standalone basis – clarifying the ceiling on financial commitment

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