SEBI considers allowing India VC funds to boost overseas exposure
The Securities and Exchange Board of India (SEBI) is to revise rules governing locally-registered VC funds, allowing them to invest up to a quarter of the their capital overseas - provided the companies hold some operations in India.
Funds registered under the 1996 venture capital funds (VCF) regulations can only invest up to 10% of their corpus into overseas companies with a link to India. Since 2012, venture capital vehicles have...
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