India: Relaxations for AIFs in GIFT City
Friday, January 15, 2021 AIFs in GIFT City permitted to undertake leverage, subject to satisfaction of prescribed conditions. Co-investment in portfolio companies permitted by AIFs in GIFT City through segregated portfolio, provided the investment terms are not favourable than those offered to the common portfolio and appropriate disclosures are made in the placement memorandum. AIFs in GIFT City permitted to invest in domestic AIFs, alongside other permissible investments. Diversification limits under the AIF Regulations not applicable to AIFs in GIFT City, subject to appropriate...
Source: natlawreview.com