Indian Central Bank eases stake sale rules in startups

Indian Central Bank eases stake sale rules in startups

RBI logo from the Bank's social media page. September 2015

The Reserve Bank of India (RBI) allowed overseas investors to sell their stakes in Indian startups to local companies, potentially giving foreign venture capital (VC) funds an easier exit route. The regulator also allowed start-ups to file reports over the Internet, and eased rules governing share transfer transactions, according to a statement posted on RBI’s website.

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