Sebi wants to track money flowing into PE, VC funds

Besides, there is no broad-basing criteria for an AIF which can be formed with just a few or even a single local or offshore investor who are called limited partners (LPs). Since such funds are incorporated in India, AIF investment in a domestic company is treated as local investment. Even if an AIF has all overseas LPs, the fund’s equity holding in a company in India is not considered as foreign direct investment (FDI).

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