Investments by FPIs in REITs, InvIts, AIFs and corporate bonds under default

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..... ries (NSDL and CDSL). Sir/ Madam, Sub: Investments by FPIs in REITs, InvIts, AIFs and corporate bonds under default. A. REITs, InvIts and AIFs 1. RBI had vide notification No. FEMA.355/2015-RB dated November 16, 2015 carried out necessary amendments in Foreign Exchange Management (Transfer or Issue of Security by a Person Resident Outside India) (Eleventh Amendment) Regulations, 20 .....

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..... /2015 dated February 03, 2015, FPIs shall be permitted to acquire NCDs/bonds, which are under default, either fully or partly, in the repayment of principal on maturity or principal installment in the case of an amortising bond. FPIs shall be guided by RBI s definition of an amortising bond in this regard. 6. Such NCDs/bonds restructured based on negotiations with the issuing Indian company, sh .....

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..... lable at the links Legal Framework Circulars and Info for F.P.I on our website www.sebi.gov.in. The DDPs/Custodians are requested to bring the contents of this circular to the notice of their FPI clients. Yours faithfully, Barnali Mukherjee Chief General Manager Investment Management Department Tel No.:+91-22- -26449660 Email: [email protected] - C .....

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