IVCA for one-rule consolidation of separate investment classes
The Indian Private Equity and Venture Capital Association, has called for an 'one-rule' consolidation of separate investment classes such as investment in listed and unlisted equity, derivatives and debt.mumbai Updated: May 02, 2010 10:49 IST
The Indian Private Equity and Venture Capital Association (IVCA), has called for an 'one-rule' consolidation of separate investment classes such as investment in listed and unlisted equity, derivatives and debt.
This should also be for the markets for Government bonds, corporate bonds and external commercial borrowings, as well as the rationale of taxation of transactions through the STT and stamp duty, especially for priority sector investments, it said.
The IVCA is the country's apex association for the private equity and venture capital industry.
Over the last five-years, the venture capital and private equity have invested over $ 48 billion in India providing critical capital to early-stage ventures and growth capital to priority sector, a statement issued in Mumbai stated.
More than 2,000 ventures have received capital from the member funds of IVCA, it said.
IVCA has come together with Global India Venture Capital Association (GIVCA), formerly known as US-India Venture Capital Association (US-IVCA), creating the largest representative body for promoting the interests of the industry in India.
First Published: May 02, 2010 10:46 IST