Desired Regulatory Changes for PE

• Currently VC/PE firms make their investment decisions solely based on publicly available information. VC/PE companies should be allowed to conduct full due-diligence on listed companies to validate viability and sustainability. Lock-in period and NDA can be used to safeguard interests of targets.
• Increase the threshold to trigger open offer to 25% from 15%.
• Increase the time period to convert warrants from 1.5 years to 5 years.
• PE/VC funds shouldn’t be treated as promoters or persons in control along with promoters and hence exempt from SEBI regulations for promoters.