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PR No.103/2009

Allocation of investment limits to FIIs/sub-accounts to invest in

Corporate Debt

On review of the External Commercial Borrowing policy, the Government of India in January 2009, 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/37/2009 dated February 06, 2009 USD 8 billion (approx. Rs. 41,000 crore) was available for allocation to the FIIs/ sub-accounts in an open bidding platform. The bidding for these limits took place today on the NSE offered platform.

Pursuant to the bidding, 24 successful bidders (list enclosed as annexure ) got allocation of investment limits amounting to approx. Rs. 29,000 crore. These limits shall be utilized by the allocated entities within 45 days of the allocation.

Mumbai

March 16, 2009

 

Annexure to PR No. 103/2009

 

Sr No.

Name of the FII

Name of the Sub Account

Allocated Amount            (Rs. in crore)

1

ABN AMRO ASIA PACIFIC PTE LTD

 

1550.00

2

BANK OF AMERICA SINGAPORE LTD.

 

500.00

3

BARCLAYS BANK PLC

BARCLAYS MERCHANT BANK (SINGAPORE) LTD.

5050.00

4

CITIGROUP GLOBAL MARKETS  MAURITIUS PRIVATE LIMITED

 

900.00

5

D.E. SHAW & CO.(U.K.) LTD.

D.E. SHAW VALENCE INVESTMENTS BI-FI 1 (MAURITIUS) LIMITED

550.00

6

Deutsche Bank International Asia - Debt Fund

 

3550.00

7

ELARA CAPITAL PLC

ELARA INDIA OPPORTUNITIES FUND LIMITED

500.00

8

FOX INSURANCE COMPANY

 

250.00

9

FUND ADVISORS (UK) LIMITED

INDIA DIVERSIFIED (MAURITIUS) LIMITED

250.00

10

ICICI INTERNATIONAL LIMITED

 INDIA OPTIMA FUND

500.00

11

JP MORGAN CHASE BANK

J.P.MORGAN SECURITIES ASIA PRIVATE LTD.

2700.00

12

KOTAK MAHINDRA(UK) LTD.

VOYAGER FUND MAURITIUS LIMITED

250.00

13

KOTAK MAHINDRA(UK) LTD.

 VIC INFRASTRUCTURE INVESTMENTS LIMITED

250.00

14

KOTAK MAHINDRA(UK) LTD.

GLOBAL INVESTMENT OPPORTUNITIES FUND LIMITED

1550.00

15

KOTAK MAHINDRA(UK) LTD.

KOTAK INVESTMENT OPPORTUNITIES FUND LIMITED

550.00

16

KOTAK MAHINDRA(UK) LTD.

KOTAK GLOBAL FUNDS

550.00

17

KOTAK MAHINDRA(UK) LTD.

KOTAK INFINITY FUND

1000.00

18

M.M. WARBURG BANK (SCHWEIZ) AG

MAVI INVESTMENT FUND LIMITED

250.00

19

PRUDENTIAL ASSET MANAGEMENT (SINGAPORE) LIMITED

INTERNATIONAL OPPORTUNITIES PORTFOLIO MANAGEMENT LIMITED

1300.00

20

PRUDENTIAL ASSET MANAGEMENT (SINGAPORE) LIMITED

PRUDENTIAL INDIA OPPORTUNITIES FUND LIMITED

800.00

21

STANDARD CHARTERED BANK (MAURITIUS) LIMITED

STANDARD CHARTERED BANK (MAURITIUS) LIMITED - DEBT

5300.00

22

TATA ASSET MANAGEMENT (MAURITIUS) PRIVATE LIMITED

TATA INDIAN DEBT SECURITIES FUND

500.00

23

UTI INTERNATIONAL LTD.

UTI SPECTRUM FUND

250.00

24

UTI INTERNATIONAL LTD.

THE UTI RAINBOW FUND LIMITED

500.00

 

 

Total

29350.00