India Plans to Ease Offshore Fund Disclosure Rules to Attract Foreign Capital Amid Legal Challenges

SEBI plans to ease disclosure rules for offshore funds to attract foreign investment

The regulator is considering wider exemptions and relaxed disclosure norms to encourage long-term foreign investment and reduce compliance burdens for offshore funds.

India plans to ease offshore fund disclosure rules to attract foreign capital amid legal challenges

India's ‌market regulator plans to relax disclosure requirements for offshore funds considered high risk, three sources with knowledge of the matter said, after rules introduced during its scrutiny of Adani led to complaints and legal challenges.The proposed changes would address what investors say were unintended consequences of the 2023 rules that were meant to prevent funds from holding concentrated investments in Indian companies.The sources…

Veritas Capital Unites Steampunk and MetroStar, Accelerating Mission Impact

MCLEAN, Va. & RESTON, Va.--(BUSINESS WIRE)--Veritas Capital (“Veritas”), a leading investor at the intersection of technology and government, today announced that affiliates of The Veritas Capital Vantage Fund, L.P. (“Vantage Fund”) have entered into a definitive agreement to acquire Steampunk, Inc. (“Steampunk”), a change agent in the federal contracting industry. Following the close of the transaction, Veritas will merge Steampunk with existin…