SEBI cuts time limit for VC funds to invest overseas to 4 months

SEBI has reduced the validity period of approval granted to alternative investment funds (AIFs) and venture capital funds (VCFs) to make overseas investments from six months to four months. If the time limit goes unutilised, the same will be made available to other applicants, the market regulator said. This will make sure the allocated time is utilised efficiently, it added.