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Our Bureau

New Delhi, April 21

The Cabinet Committee on Economic Affairs (CCEA) has given its nod for allowing overseas investors to invest up to $250 million in Class B units of DREAM II scheme of DHFL venture capital fund for making investments in FDI compliant projects of the scheme.

An official spokesperson said that the approval would be subject to compliance of venture capital regulations, press note 9 of 99 series for downstream investment and press note 2 of 2005 series for construction development activities.

More Stories on : Venture Capital | Foreign Direct Investment | Real Estate & Construction

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Overseas investment in DHFL fund

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