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Feb 04, 2016
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Foreign venture capital funds get RBI booster
Start-up companies, which are struggling to get overseas funds or are looking at new forms of funds, might soon get not only foreign funds but could also issue convertible notes to attract foreign direct investment. Start-up community members, companies and investors, said this would enable impending transactions to conclude as well as enable foreign venture capital (VC) funds - on the edge of entering India - to make formal entry announcements soon.The Reserve Bank of India (RBI) in its sixth bi-monthly monetary policy statement had proposed steps towards ease of doing business for start-ups by easier access to foreign capital and also through smoother transfer of ownership.
Source -
http://www.business-standard.com
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