While the CCI has no issues with PEs owing minority stakes in rival companies, the watchdog wants these funds to choose only one firm in terms of board representation
The deal activity showed an increase of 54 per cent by value at USD 15.5 billion across 360 deals, largely on the back of heightened activity in the startup space
ICICI Venture is also looking at other opportunities such as investing in companies which are eligible for the production-linked incentive (PLI) scheme in the manufacturing sector
Experts say while global funds may want to consider shifting their India portfolios to IFSC, the move would result in splitting the fund into two, which may not be acceptable to investors
The RBI had recently rejected a resolution plan - approved by the National Company Law Tribunal in June - that proposed selling Aircel's assets to UV Asset Reconstruction Company (UVARC)