SEBI mulls allowing FVCI infrastructure investments
The Securites and Exchange Board of India (SEBI), India's financial markets regulator, has proposed that Foreign Venture Capital Investors (FVCIs) be allowed to back Core Investment Companies (CICs) in the infrastructure space in a bid to encourage more overseas investment in the sector.
In a paper released this week, the regulator said its proposals were aimed at removing any hindrance for foreign investors looking to get exposure to Indian infrastructure sector through the FVCI route....
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