Guidelines for preferential issue of units and institutional placement of units by a listed Real Estate Investment Trust.

Milbank has advised a leading global alternative asset manager on its multi-jurisdictional special situations platform investment with another leading global fund

On October 23, 2025, the IFSCA issued a Circular under the IFSCA (Fund Management) Regulations, 2025 (‘FM Regulations') setting out a stewardship code framework (‘Stewardship Code') for Fund Management Entities...

Yatra Capital Limited, a real estate fund listed on EuroNext Stock Exchange, invested approximately USD 24 million in Forum IT Parks Private Limited.

To enhance ease of doing business, SEBI, vide circular dated April 30, 2024, modified certain provisions of the Master Circular for MFs dated May 19, 2023.

SEBI had, by way of SEBI (Certification of Associated Persons in the Securities Markets) Regulations, 2007 (‘CAPs Regulations'), notified certification requirements for key investment...

SEBI introduces a new co-investment framework permitting AIF investors to co-invest alongside the AIF through portfolio managers.

The new norms governing Portfolio Managers services, doubling a portfolio manager's net worth requirement to ₹5 crore, giving the existing ones three years to meet the revised norms.

SEBI, vide notifications dated July 11, 2024, and July 12, 2024, has issued the SEBI (Infrastructure Investment Trusts) ("InvITs") (Second Amendment) Regulations, 2024 and the SEBI (Real Estate Investment Trusts) ("REITs") (Second Amendment) Regulations, 2024 respectively.

On November 6, 2019, the Union Cabinet chaired by Hon'ble Prime Minister Shri Narendra Modi approved the establishment of a 'Special Window' to provide priority debt financing for the completion...

With a view to provide enhanced opportunities to invest overseas, the Reserve Bank of India ("RBI"), had on 16<SUP>th</SUP> November 2006, increased the ceiling on investments by Mutual Funds registered with the Securities and Exchange Board of India ("SEBI"), pursuant to which the aggregate ceiling for overseas investments by SEBI registered Mutual Funds was enhanced from the then existing limit of USD 2 billion to USD 3 billion

The International Financial Services Authority – the unified regulator for GIFT City – recently released the draft IFSCA regulations, 2022

Earlier, the Securities and Exchange Board of India (SEBI) had raised the aggregate ceiling for investment by mutual funds in American Depository Receipts (ADRs)/ Global Depository Receipts (GDRs) issued by Indian corporates, equity of overseas companies listed on recognised stock exchanges overseas and rated debt securities from US$ 1 billion to US$ 2 billion.

JSA advised India Inflection Opportunity Fund (IIOF) on its investment in Incuspaze.

India's private capital market is attracting significant investor interest across manufacturing, digital infrastructure, energy, healthcare and private credit sectors. However, deploying capital effectively requires increasingly sophisticated structuring that addresses interconnected regulatory, financing, governance and exit considerations. Success demands coordination across multiple disciplines and collaboration between advisers with deep local knowledge and international cross-border experience.

Earlier, the Reserve Bank of India ("RBI") had permitted resident entities having overseas direct investments in equity and loans, to hedge the exchange risk arising out of such investments.

The Reserve Bank India (“RBI”) had vide its circular dated July 26, 2006, liberalized overseas investments by mutual funds registered with Securities Exchange Board of India (“SEBI”) and enhanced the aggregate ceiling from USD 1 Billion to USD 2 Billion.

As part of its consistent efforts to boost the product, the Securities and Exchange Board of India (SEBI) had permitted listed real estate investment trusts (REIT) to raise funds...

SEBI, by way of circular dated 09.01.2026 ("AIF Circular"), has introduced simplifications to the accreditation requirements for investors under the SEBI (Alternative Investment Funds) Regulations, 2012 ("AIF Regulations").

Revised Landscape in India for Foreign Portfolio Investments (14 April 2015).