Who is a Qualified Institutional Bidders (QIB)?
Any institutional investor who has the capital and possesses financial expertise to evaluate and invest in the capital markets can be termed a QIB.
Under clause 2.2.2B (v) of the DIP Guidelines, a QIB is:
- Public financial institutions as defined in section 4A of the Companies Act, 1956
- Scheduled commercial banks
- Mutual funds
- Foreign institutional investors registered with SEBI
- Multilateral and bilateral development financial institutions
- Venture capital funds registered with SEBI
- Foreign venture capital investors registered with SEBI
- State Industrial Development Corporations
- Insurance Companies registered with the Insurance Regulatory and Development Authority (IRDA).
- Provident funds with a minimum corpus of Rs. 25 crores
- Pension funds with a minimum corpus of Rs. 25 crores
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