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Markets regulator Sebi has mandated a minimum ticket size or investment threshold of Rs 1 crore for the RBI-regulated originators and unregulated entities engaged in securitisation activities. Securitised Debt Instruments (SDIs) are financial products created by pooling together various types of debt -- such as loans, mortgages, or receivables -- and then selling them as securities to investors. This process, known as securitisation, allows the originator (such as a bank) to convert illiquid assets into liquid ones, providing an alternative source of funding. Investors in these instruments receive returns based on the performance of the underlying debt pool, and the risk is spread across multiple assets, offering potentially attractive returns. "The minimum ticket size for issuance of a securitised debt instrument shall be rupees one crore," Sebi said in a gazette notification. Further, the minimum ticket size for subsequent transfers of a securitised debt instrument will be Rs 1 .
India has cut down by two years the local remedies exhaustion period for UAE investors from five years under the Bilateral Investment Treaty (BIT), which came into effect between the two countries in August. The treaty, which is aimed at providing comfort to investors of both countries, also includes portfolio investments in a deviation from such treaties in the past. Local remedies exhaustion means that investors must first try to resolve their disputes using the legal system of the host country before they can take the matter to international arbitration. The treaty signed between India and the UAE in February has been enforced from August 31 this year, a finance ministry statement said. "Investor-State Dispute Settlement (ISDS) through arbitration with mandatory exhaustion of local remedies for three years," the finance ministry said in a statement. The Model BIT requires investors to attempt resolving disputes through India's legal system for at least five years before seeking
Softbank-backed consumer technology company InMobi on Wednesday said it has raised USD 100 million debt financing from MARS Growth Capital, a joint venture between MUFG and Liquidity Group. InMobi has plans to list in India and has started the necessary process. The company plans to use the funds for the development and deployment of InMobi's artificial intelligence (AI) technology and for potential AI-focused acquisitions. "We are pleased to have the confidence and funding from MARS Growth Capital to further accelerate our growth trajectory," Naveen Tewari, CEO of InMobi said. He said AI is the bedrock of both InMobi's consumer and enterprise businesses. "We are using it to power the revolutionary lock screen experiences and InMobi Advertising's platforms. We are reimagining how ads can be made truly native by driving superior engagement and outcomes for consumers, advertisers and publishers," Tewari said. MARS Growth Capital invests in future-ready AI platforms in Asia Pacific
Agriculture value chain enabler Samunnati on Friday said it has raised Rs 133 crore (USD 16 million) in credit financing from Swiss impact investment firm Blue Earth Capital. This is Blue Earth Capital's first debt investment and will help Samunnati expand initiatives aimed at improving the lives of small farmers across the country through projects focused on climate adaptation, resilience and mitigation practices. The funding from Blue Earth is the single largest debt tranche raised by Samunnati during the first quarter of the fiscal year. "We're grateful for the support from Blue Earth Capital... This boost will strengthen our efforts to improve the lives of smallholders through climate and sustainability projects," Samunnati founder and chief executive Anil Kumar SG said in a statement. In the current fiscal year, Samunnati has already secured USD 5 million (Rs 41 crore) in debt funding through external commercial borrowing from Enabling Qapital. In the previous fiscal year, it
JM Financial Ltd has said it would fully cooperate with capital market regulator Sebi in its investigation into the public issue of debt securities. The statement came after Sebi barred JM Financial from accepting new mandates to act as a lead manager for the public issue of debt securities, for flouting regulatory norms. However, JM Financial can continue to act as a lead manager for the public issue of debt securities for a period of 60 days in case of existing mandates, Sebi said in its interim order on Thursday. Further, the regulator will undertake an investigation into these issues, to be completed within six months. Following the order, JM Financial in a filing to the stock exchanges said, "The company shall fully cooperate with Sebi in this investigation". The Sebi's directive came days after the Reserve Bank barred JM Financial Products Ltd from providing any form of financing against shares and debentures, including sanction and disbursal of loans against initial public
Foreign investors have adopted a cautious approach this month, offloading domestic equities worth Rs 13,000 crore in the first three weeks owing to high valuations of Indian stocks and surging US bond yields. In contrast, foreign investors are bullish on the debt market and injected Rs 15,647 crore in the debt market during the period under review, data with the depositories showed. According to the data, foreign portfolio investors (FPIs) made a net investment of Rs 13,047 crore in Indian equities this month (till January 19). They pulled out over Rs 24,000 crore from equities during January 17-19. Before this, FPIs made a net investment of Rs 66,134 crore in December and Rs 9,000 crore in November. "There are two main reasons why FPIs turned sellers. One, the US bond yield started rising with the 10-year yield rising from the recent level of 3.9 per cent to 4.15 per cent triggering capital outflows from emerging markets," V K Vijayakumar, Chief Investment Strategist at Geojit ...
Managed flexible workspace provider Simpliwork Offices is planning to invest Rs 750 crore next fiscal to expand its portfolio and raise up to Rs 2,800 crore in equity and debt for future growth. Founded in 2018, Bengaluru-based Simpliwork Offices currently has an office portfolio of around 4.2 million square feet, roughly 50,000 desks, across major 8 cities. Salarpuria Sattva, one of the leading real estate firms in the country, with a large presence in the office market, has a 50 per cent stake in Simpliwork Offices. Kunal Walia, the founder and CEO of Simpliwork, along with some other investors, holds the remaining stake. In an interview with PTI, Walia noted that the leasing of flexible office space rose during the 2022 calendar year, and demand continues to be strong from large enterprises. The overall leasing of office space crossed 45 million square feet last year, after two years of slowdown due to the COVID pandemic, he highlighted. "Specifically, within that demand, we h