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of <h1>Indian Venture Capital Funds Can Invest Offshore up to $500M with SEBI Approval; No RBI Permission Needed.</h1> The Reserve Bank of India, in collaboration with the Securities and Exchange Board of India (SEBI), has authorized Indian Venture Capital Funds (VCFs) registered with SEBI to invest in equity and equity-linked instruments of offshore venture capital undertakings, with a total investment cap of USD 500 million. SEBI will allocate limits to individual VCFs under specified terms and conditions. Domestic VCFs seeking to invest offshore must obtain prior approval from SEBI, but no separate Reserve Bank permission is required. Amendments to relevant regulations are forthcoming, and authorized banks should inform their clients of this update.
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