The investor is interested. The structure is where deals fall apart.
A foreign investor is willing to commit, but the conversation moves to entry route, sectoral caps, valuation rules and repatriation — and momentum drains away while advisors argue.
Where most of these mandates start.
A foreign investor is willing to commit, but the conversation moves to entry route, sectoral caps, valuation rules and repatriation — and momentum drains away while advisors argue.
Structuring decided late is expensive: mispriced share issues, delayed filings and tax leakage that could have been designed out at the start.
How capital providers actually assess this.
Inbound investment into India runs under FEMA and the FDI policy: most sectors are on the automatic route, some need government approval, and investment from countries sharing a land border with India requires prior approval regardless of sector.
Pricing guidelines govern the minimum issue price to a non-resident, and filings such as the FC-GPR must be completed within prescribed timelines. Getting these right upfront is what keeps a deal on schedule.
The parameters this is assessed against.
- Ticket size
- USD 1 Mn – 60 Mn+
- Route
- Automatic or government approval, depending on sector
- Instruments
- Equity, CCPS, CCDs and other permitted instruments
- Pricing
- Must meet FEMA valuation and pricing guidelines
- Reporting
- FC-GPR and related filings within prescribed timelines
What has to be on the table.
- Audited financials for the last three years plus latest provisional numbers
- GST returns and bank statements for the last 12 months
- Company profile, shareholding pattern and group structure
- KYC of the entity, promoters and directors
- Board and shareholder resolutions authorising the raise
- FEMA / ECB compliance file, LRN and Form ECB where applicable
- Hedging policy and currency exposure analysis
- Transfer-pricing and tax-structuring opinion for the flow of funds
We understand the capital requirement, structure the transaction and take it to the right capital providers.
Understand the requirement
Investor profile, quantum, instrument and the level of control or protection expected.
Structure the transaction
Entry route, holding structure, instrument, valuation basis and repatriation path settled before documentation begins.
Take it to the right capital providers
Where the investor is not already identified, we map and approach fitting international investors and strategics.
Term sheets, negotiation and closure
We run competing term sheets side by side, negotiate pricing, covenants and security, manage diligence, and stay on the mandate through documentation and disbursement.
Answers before the first call.
Is government approval needed for foreign investment in India?
Most sectors are on the automatic route with no prior approval, subject to sectoral caps and conditions. Certain sectors, and investment from entities in countries sharing a land border with India, require prior government approval.
What instruments can foreign investors use?
Equity shares and compulsorily convertible instruments such as CCPS and CCDs are the standard permitted routes, each with its own pricing and conversion requirements.
What filings follow an inbound investment?
Reporting of the share issue — typically Form FC-GPR — along with related FEMA filings within the prescribed timelines after allotment.
Share the requirement. We will tell you candidly whether it is fundable, and how.
Senior-led review under a mutual NCND. No retainer — engagement is success-linked. Prefer a detailed brief? Use the full funding requirement form.