INDOCEAN TO INVEST $250 M MORE IN INDIA
Article Abstract:
Indocean Chase Capital Advisors (Indocean) plan to invest $90 million in investment portfolio created in 1998. It will also invest $250 million of investment in Indian companies. Indocean is a partner of the Chase Capital Partners. It has invested in E- Capital, Leading Edge Systems and HDFC Bank. It has directly invested in Ashima Dyecot and Ashima Syntex of Ahmedabad. Indocean is engaged in venture capital investments. (rk)(m)
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1999
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VENTURE CAPITAL TO BE PUT ON PAR WITH MFs FOR IT
Article Abstract:
The government is thinking of amending the Income-Tax Act to give venture capital funds for the software industry the same status as mutual funds. It is also planning to allow LIC and other mutual funds to invest in venture capital funds for the software sector. The Department of Electronics is negotiating with state governments to reduce sales tax on sales of software and hardware products. (khr)
Comment:
India: Government thinks of amending Income-Tax Act to give vtr capital funds for software ind the same status as mutual funds
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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