Avendus Capital is raising Rs 3,000 crore to expand its kitty on alternative investments, with the financial services firm targeting family offices, high net worth individuals and corporate treasuries to sell its products.
The government announced it had exempted investments by individuals in some categories of start-ups from the so-called ‘angel tax’. The notification says start-ups may avail of the tax concession only if total investment, including funding from angel investors (those who make the initial equity investment) does not exceed Rs 100 million.
The digital revolution is presenting a bewildering mix of risks and opportunities for investors. At a time when technology is disrupting markets and transforming businesses with alarming speed, the risk of getting blindsided is an ever-present concern. Yet it cuts both ways. The explosion of data, analytics and connectivity has dramatically enhanced PE funds’ ability to assess companies in due diligence and to improve their performance during the holding period. As markets rapidly transform, funds can find as many opportunities as risks if they have developed the ability to handicap change better than the competition.
Market regulator SEBI came out with a circular on 10th April giving detailed framework in order to identify and verify beneficial owners of foreign portfolio investors (FPIs). Beneficial owner (BO) is the natural person, who ultimately owns or controls an FPI. Under the framework, beneficial ownership of FPIs having structure of company or trust should be identified on controlling ownership interest and control basis.
Markets regulator SEBI issued a circular on 10th April 2018 clarifying on clubbing investment limits of foreign Government and foreign Government related entities from the same jurisdiction. According to SEBI they will be considered a single Foreign Portfolio Investor (FPI) for the investment cap of 10 per cent in a listed Indian company.
‘Corporates can’t alone develop the infrastructure and lead the innovation game’. The states are now learning the nitty-gritty of investments which by the way follow innovations riding over states’ policy and infrastructure. Bihar, Odisha and Rajasthan are now rushing to perform better in this startup game following the formula already adopted by Karnataka and a few other states.
With public markets strong and asset valuations high, private equity funds took advantage of a seller’s market in 2017. Exit value jumped 8.6%, to $366 billion, and the number of exits increased 3% to 1,063. Sellers saw strength across channels and geographies.
Some of the largest global private-equity funds raised in recent years are taking longer to invest than their peers, and the culprit could be the scale of ambition managers have had in recent years. According to Wall Street Journal analysts, private-equity managers with excess cash on their books are struggling to deploy funds as quickly as their peers, and that’s putting pressure on investor returns.
An established, award-winning financial services company is vowing to “create huge efficiencies and scalability” for the alternative investments industry by implementing Blockchain and “tokenizing an antiquated system.”
Banks sell assets to Asset Reconstruction Companies (ARCs) on a full-cash basis or through a 15:85 rule, where 15 percent of the value is paid in cash and the rest in the form of security receipts (SRs) which are instruments that can be sold to qualified buyers such as financial institutions, banks and alternative investment funds (AIFs) through a process of private placement.
While assets over Rs 16,000 crore have been put on sale to clean up balance sheets as the financial year ends, ARCs that buy distressed assets, have been looking for better pricing from banks thus slowing down the buying process,