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Allocation of investment limits to FIIs/sub-accounts to invest in Corporate Debt
Press Release No. 105/2009, dated 20-3-2009
The Government of India reviewed the External Commercial Borrowing policy on January 02, 2009 and increased the cumulative debt investment limit by USD 9 billion (from USD 6 billion to USD 15 billion) for FII investments in Corporate Debt.
As per SEBI circular No. IMD/FII & C/38/2009 dated March 13, 2009 USD 1 billion shall be allocated to the FIIs/ sub-accounts on a `first come first served' basis in terms of our Circular dated January 31, 2008, subject to a ceiling of Rs.249 cr. per registered entity.
The list of entities and the allocated limits is placed in Annexure.
In terms of SEBI circular dated November 06, 2008, time period for utilization of these allocated limits shall be 11 working days i.e. by April 09, 2009.
Press Release No. 105/2009
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Sr. no |
Name of entity |
Limits Allocated in Rs. crore. |
|
1 |
INDIA EQUITY GROWTH FUND LIMITED |
248.02 |
|
2 |
ARES DIVERSIFIED |
249.00 |
|
3 |
BRAHMA INDIA FUND MAURITIUS LTD |
249.00 |
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4 |
CREDIT SUISSE SINGAPORE BRANCH |
249.00 |
|
5 |
DSP BLACKROCK INDIA INVESTMENT FUND |
249.00 |
|
6 |
FOX INSURANCE COMPANY |
200.00 |
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7 |
INDIA EMERGING OPPORTUNITIES FUND LIMITED |
150.00 |
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8 |
MALABAR INDIA FUND LIMITED |
10.00 |
|
9 |
MATTERHORN VENTURES |
25.84 |
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10 |
NEPTUNE PRIVATE EQUITY LIMITED |
249.00 |
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11 |
RHODES DIVERSIFIED |
30.90 |
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12 |
SOMERSET EMERGING OPPORTUNITIES FUND |
30.90 |
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13 |
SOPHIA GROWTH - A SHARE CLASS OF SOMERSET INDIA FUND |
10.30 |
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14 |
TARRA FUND |
26.00 |
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15 |
TATA INDIAN DEBT SECURITIES FUND |
249.00 |
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