Authored by Praveen Pandian
SEBI vide its circular dated 21st May 2021 has decided to enhance the overall limit for overseas investment by Alternate Investment Funds (AIFs) and Venture Capital Funds (VCFs).
Prior to Circular:
SEBI registered AIFs and VCFs were permitted to make overseas investments subject to an overall limit of USD 750 million.
Post Circular:
SEBI after consultation with RBI has hereby enhanced the overall limit to USD 1500 million for the AIFs and VCFs desirous of making overseas investments.
However, the Regulations, compliance requirements and other terms and conditions remain unchanged.
