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PE/VC deals slowing down because of second COVID-19 wave: EY
The ongoing second COVID-19 wave is affecting private equity and venture capital investments in terms of the deal numbers witnessed in April, a report said on Thursday.
However, going by deal value, the PE and VC investments jumped to USD 7.5 billion in April, up 37 per cent over March s USD 5.5 billion, and 6.5 times higher than the USD 1.1 billion registered in April 2020, during the national lockdown after the first wave, the report by consultancy firm EY and industry lobby Indian Venture Capital Association said.
April witnessed 67 deals as against 105 deals in March and 76 deals in April 2020, it added.
Irdai tweaks AIF rules for insurance companies
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Irdai tweaks AIF rules for insurance companies
Mamtha Asokan / TNN / Updated: Apr 10, 2021, 10:41 IST
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(Representative image)
CHENNAI: Insurance companies have been allowed by their regulator to invest in ‘fund of funds’ provided such funds are not utilized by an Alternate Investment Fund to invest outside India. The new dispensation gives insurers a source to diversify their investment into new avenues like startups and also gives asset managers a new source of capital.
The Insurance Regulatory and Development Authority of India (Irdai) has also barred investment into AIFs which undertake leverage or borrowing other than to meet day-to-day operational requirements and as permitted under SEBI regulations.
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