India raises cap on local PE fund exposure to offshore companies
The Securities and Exchange Board of India (SEBI) has raised the limit on capital that can be invested by local private equity and venture capital funds in overseas companies from $500 million to $750 million.
SEBI set the $500 million limit for alternative investment funds (AIFs) in 2015. It included a requirement that foreign investees must have an Indian connection, such as technology back-end or R&D operations...
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