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Friday, March 16, 2012

Budget 2012: Rules eased for VCs to invest in more sectors

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The government on Monday proposed removing the sectoral restriction on venture capital funds, a move that will allow more startups beyond the current nine sectors to get access to growth-stage capital.


Presenting the Budget 2012-13 in the Lok Sabha, Finance Minister Pranab Mukherjee said "the restriction on Venture Capital Funds to invest only in nine specified sectors is proposed to be removed."
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