Sovereign wealth fund, namely, the MIC Redwood 1 RSC Limited, Abu Dhabi, United Arab Emirates, was notified under section 10(23FE) vide notification 89/2020 dated 2ndNovember 2020 for eligible investments in India. This section provides an exemption to sovereign wealth funds and pension funds (specified fund) on income from dividends, interest, and long-term capital gains from investment made in India. The amendment extends the time period for investments till 31st March 2030.