We are pleased to invite you to a webinar on the RBI’s draft Foreign Investment Rules, based on our recent piece discussing the impact of the Draft Rules on foreign investors, funds and Indian investee companies and providing comments to the regulator (available here).
Key Considerations
Indirect Foreign investment now looks upward and sideways; group aggregation introduced with presumptive control above 10%
Pricing now bites even on non-resident to non-resident transfers; floor and ceiling replaced by a single price — death knell for ratchets and value adjustments?
Offshore private credit finally gets its collateral: pledge conditions removed
Sub-10% in an unlisted company is also now FPI - SEBI registration deleted. Will FPI in unlisted companies get exemptions from sectoral conditionalities?
FVCI and investment vehicle routes: missing. Oversight, or move to radical streamlining?
India-managed AIFs with offshore LPs could wake up foreign-owned? Intended?
"Equity" is now whatever your accountant says it is; Put options lose the one-year lock-in
Breach of foreign investment rules? Foreign investor liable too, not just investee company
Speakers
Prashant Khurana
Counsel, Resolüt Partners
Prashant’s practice areas span M&A, private equity, structured finance with particular emphasis on real assets. Prashant has advised a diverse array of sophisticated global players including leading pension...
Prashant’s practice areas span M&A, private equity, structured finance with particular emphasis on real assets. Prashant has advised a diverse array of sophisticated global players including leading pension funds, private equity funds, sovereign wealth funds, and strategic investors across asset classes. Clients and colleagues have recognized Prashant for his ability to cut through deal complexity, identify the pressure points, and deliver solutions that are both legally rigorous and commercially workable - a combination that has made him a trusted advisor. Prior to joining Resolut, Prashant most recently worked at AZB & Partners and Trilegal.
Shreyas Bhushan
Partner, Resolüt Partners
Shreyas’ practice entails advising on cross-border PE, M&A and Structured Finance transactions from a legal, strategic and tax perspective. Shreyas also leads the public M&A and corporate governance practice...
Shreyas’ practice entails advising on cross-border PE, M&A and Structured Finance transactions from a legal, strategic and tax perspective. Shreyas also leads the public M&A and corporate governance practice at the firm, and has represented leading global funds and corporate houses on a broad range of matters such as PIPE deals, tender offers, take privates, business acquisitions, activist shareholder efforts and corporate governance issues.
Ruchir Sinha
Managing Partner, Resolüt Partners
Ruchir is the Managing Partner of Resolut Partners and has extensive experience advising sovereign wealth funds, pension funds, financial sponsors, and strategic investors on private equity, M&A, and...
Ruchir is the Managing Partner of Resolut Partners and has extensive experience advising sovereign wealth funds, pension funds, financial sponsors, and strategic investors on private equity, M&A, and structured credit transactions (both inbound and outbound). With a strong background in international tax, he advises on optimizing deal structures for tax efficiency and on establishing managed accounts, investment platforms, co-investment platforms, and funds. He is rated a ‘Distinguished Practitioner’ by AsiaLaw and ‘Highly Regarded’ by IFLR1000 for M&A and private equity. The Financial Times recognized him as one of the ‘most innovative’ lawyers for ‘deal-making’ for advising the Government of Singapore Investment Corporation on its USD 2 billion greenfield investment platform for Indian smart meters.