India: Venture Capital

In April 2020, amid concerns regarding opportunistic acquisitions during the COVID-19 pandemic, the Department for Promotion of Industry and Internal Trade (“DPIIT”), Government of India, issued Press Note 3 (2020 Series) (“PN3 2020”). PN3 2020 fundamentally altered India’s foreign direct investment (“FDI”) framework by requiring government approval for investments originating from countries sharing land border with India.

After the Union Cabinet approved changes to the rules governing investments from nations that share a land border with India on March 10, 2026, India’s foreign investment framework went through a significant recalibration.

Press Note 3 (2020 Series) ("PN3"), issued by the Department for Promotion of Industry and Internal Trade ("DPIIT") on 17 April 2020, was introduced in response to the economic disruption caused by the COVID-19 pandemic.

On October 3, 2025, a circular was issued by the International Financial Services Centres Authority (IFSCA) to all financial institutions in GIFT IFSC...

In a strategic move set to transform the real estate and infrastructure investment landscape in India, the Securities and Exchange Board of India (SEBI) released a consultation paper on August 1, 2025 , suggesting major amendments to the definition of "strategic investor" within the REIT and InvIT regulations.

During AY 2021-22, the Assessee1 purchased 5.92 Cr. shares of IG3 Infra Limited(‘IG3') at INR 12.43 per share and 18.43 Cr. shares of ETL Power Services Limited (‘ETL') at the price of INR 14.30 per share on 08.08.2020.

This article provides a step-by-step guide for first-time fund managers in India, outlining the process of setting up a private equity or venture capital fund.

Securities and Exchange Board of India ("SEBI"), vide its notification dated September 4, 2024, has notified the SEBI (Foreign Venture Capital Investors).

The Union Budget 2024-25 has introduced a Rs 1,000 crore venture capital fundto stimulate India's burgeoning space sector.