Sebi slashes approval period for overseas investment by VCs, AIFs to 4 months

The Securities and Exchange Board of India (Sebi) has slashed the validity period of approval granted to alternative investment funds (AIFs) and venture capital (VC) funds to make overseas investments from six months to four months. This comes a year after the SEBI issued guidelines allowing AIFs and VC firms to invest in overseas companies without any connection to India. Prior to that, such funds could only invest in foreign entities that had at least one office in India.