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The Securities Exchange Board of India (Sebi) has stated that Infrastructure Debt Funds (IDFs) can only invest in bank loans through the securitization mode.
Additionally, it has allowed private placement of infrastructure debt funds as opposed to only coming out with public issue of such funds, according to a circular put out on Tuesday.
The circular also identified long-term FIIs who would be permitted to invest in such funds.
These include foreign central banks and sovereign wealth funds.
