PE, VCs’ 3-point agenda to FM. tax parity for unlisted shares, push pension funds into startup funding, strengthen GIFT CITY. There is no level-playing field between listed and unlisted shares for domestic investors, said Gopal Srinivasan, chairman of TVS Capital Fund.
The private equity and venture capital industry, represented by the Indian Private Equity and Venture Capital Association (IVCA) has made important recommendations to Finance Minister Nirmala Sitaraman on Tuesday, calling for tax parity for domestic investors on unlisted shares on par with listed shares, unlocking the rupee capital into Indian startups through pension funds and ensuring that the GIFT City becomes a hub to onshore global investors.