Allocation of investment limits to FIIs/sub-accounts to invest in Corporate Debt - FEMA - 105/2009

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. 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 4 CREDIT SUISSE SINGAPORE BRANCH 249.00 5 DSP BLACKROCK INDIA INVESTMENT FUND 249.00 6 FOX INSURANCE COMPANY 200.00 7 INDIA EMERGING OPPORTUNITIES FUND LIMITED 150.00 8 MALABAR INDIA FUND LIMITED 10.00 9 MATTERHORN VENTURES 25.84 10 NEPTUNE PRIVATE EQUITY LIMITED 249.00 11 RHODES DIVERSIFIED 30.90 12 SOMERSET EMERGING OPPORTUNITIES FUND 30.90 13 SOPHIA GROWTH -A SHARE CLASS OF SOMERSET INDIA 10.30 14 TARRA FUND 26.00 15 TATA INDIAN DEBT SECURITIES FUND 249.00