Topic
fund management
Finance Capital Markets #property fund#real estate
ASK Property Fund books ₹340 crore exit from Chennai's Shriram 122 West project
ASK Property Fund exited its investment in Shriram 122 West, a Chennai residential project, realising ₹340 crore against ₹215 crore invested — a gross return multiple of 1.6x. The exit is the second under the ASK-Shriram partnership platform, which dates to 2012, according to The Hindu Business Line.
Aug 18, 2026 1 source
Capital Markets #tax#amendment
Tax Amendment Bill 2026 proposes easier rules for offshore funds managed from India
The Taxation and Other Laws (Amendment) Bill, 2026 proposes to substantially relax eligibility conditions for Eligible Investment Funds (EIFs) managed from India, removing investor thresholds and corpus requirements. The bill also replaces the June 5 ordinance that exempted FPIs from tax on G-Sec interest and capital gains, part of a broader push to attract foreign capital and support the rupee.
Aug 3, 2026 1 source