General

BASIX Krishi Samruddhi has raised $2Mn from Acumen Fund.

Dubai based EFS Facilities Services has acquired New Delhi based facility management service provider - Dalkia India Pvt Ltd for an undisclosed amount.

Finance Ministry may cut long-term capital gain tax from 20% to 10% on investments made by private equity funds into shares of unlisted companies in an attempt to attract PE investments.

Cisco has made an investment in Aavishkaar India II Company Ltd - a Mauritius based $120Mn fund dedicated to investing in rural India.

Sebi has a comprehensive framework in the form of Alternative Investment Funds (AIFs) Regulations to bring PEs and VCs, under its ambit of inspection and investigation, and said all these funds have to register with the regulator now. At present, PE and VC funds have the option not to register with Sebi. However, considerable confusion existed about the rules of AIFs, since Sebi did not specifically say if these rules applied only to India domiciled funds or also those based outside India.

Mumbai-based KAE Capital has raised funds for it's $25 Mn Maiden fund.

According to a new clause proposed in the Union budget 2012, all individual investments including angel investments will be classified as income from other sources and will be subject to a tax of 30%.

IFC may invest upto $15Mn in CapAleph Indian Millennium Fund, a PE fund launched by ex - partner of India Value Fund Advisors, George Thomas.

SEBI has prescribed lot sizes for shares being offered in IPO on SME exchange platforms, as per the price band of the public offers.