Thursday, April 12, 2012

FOREIGN VCs CAN INVEST IN MARKET VIA THIRD PARTIES

The Reserve Bank (RBI) has allowed foreign venture capital investors to invest in securities
through private arrangements or purchase from a third party. RBI (Reserve Bank of India) in a circular released that it has now been decided to allow foreign venture capital investors to invest in eligible securities (equity, equity-linked instruments, debt and debt instruments, debentures of a domestic venture capital undertaking or VC (Venture Capital) funds, units of schemes/funds set up by a VC fund) by way of private arrangements or purchase from a third party also.

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