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MCA eases the path for foreign firms raising money in Gift-City thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
Floodgates open for primary market issuances in GIFT City - The Hindu BusinessLine thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
Sebi allows AIFs and VC funds to invest up to $1.5 billion in foreign companies SECTIONS Share Synopsis This is the second relaxation for Alternative Investment Funds (AIFs) by the capital markets regulator in the past three years. In 2018, it raised the overseas investment limit to $750 million from $500 million. “This will allow greater Indian participation in global companies and will accelerate the growth of the Indian AIF industry,” said 3one4 Capital founder Siddarth Pai. Related MUMBAI: Securities and Exchange Board of India has allowed more room for domestic private equity and venture capital funds to invest abroad. Now, these investment vehicles can invest up to $1.5 billion of their corpus in foreign companies from the existing $750 million. The move will allow these funds more opportunities to invest their growing investment corpuses. ....
Read more about Sponsor investments in IFSC AIFs to come under the automatic route on Business Standard. RBI relaxation to allay round tripping concerns associated with sponsor commitment and shorten fund set-up time in IFSC ....
To set up shop at IFSC, aircraft lessors need $200k corpus IFSCA puts out regulations to set up aircraft leasing operations at Gift CityPremium 1 min read Share Via Read Full Story New Delhi/Mumbai: Corporations looking to set up aircraft leasing businesses at the International Financial Services Centre (IFSC) in Gujarat’s GIFT City must maintain a minimum corpus of $200,000 or its equivalent in foreign currency, and be ready to pump in more capital depending on the scale of the business, the International Financial Services Centres Authority (IFSCA) said. The operator at IFSC will be allowed to sell and lease back aircraft, transfer and renew contracts, or initiate similar transactions related to aircraft leasing. For any other related activity, it will have to take prior approval of the IFSCA, a circular from the authority said. ....