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
8
FOX INSURANCE COMPANY
250.00
9
FUND ADVISORS (UK) LIMITED
INDIA DIVERSIFIED (MAURITIUS) LIMITED
10
ICICI INTERNATIONAL LIMITED
INDIA OPTIMA FUND
11
JP MORGAN CHASE BANK
J.P.MORGAN SECURITIES ASIA PRIVATE LTD.
2700.00
12
KOTAK MAHINDRA(UK) LTD.
VOYAGER FUND MAURITIUS LIMITED
13
VIC INFRASTRUCTURE INVESTMENTS LIMITED
14
GLOBAL INVESTMENT OPPORTUNITIES FUND LIMITED
15
KOTAK INVESTMENT OPPORTUNITIES FUND LIMITED
16
KOTAK GLOBAL FUNDS
17
KOTAK INFINITY FUND
1000.00
18
M.M. WARBURG BANK (SCHWEIZ) AG
MAVI INVESTMENT FUND LIMITED
19
PRUDENTIAL ASSET MANAGEMENT (SINGAPORE) LIMITED
INTERNATIONAL OPPORTUNITIES PORTFOLIO MANAGEMENT LIMITED
1300.00
20
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
23
UTI INTERNATIONAL LTD.
UTI SPECTRUM FUND
24
THE UTI RAINBOW FUND LIMITED
Total
29350.00