All investments to be made by a foreign venture capital investors shall be subject to the following conditions: -
(a) it shall disclose to SEBI its investment strategy.
(b) while it can invest its total funds committed in one venture capital fund it shall however not invest more than 25% of the funds committed for investments to India in one Venture Capital Undertaking.
(c) it shall make investments in the Venture Capital Undertaking as enumerated below:
(i) atleast 66.37% of the investible funds shall be invested in unlisted equity shares or equity linked instruments.
(ii) not more than 33.33% of the investible funds may be invested by way of:
(a) subscription to initial public offer of a venture capital undertaking whose shares are proposed to be listed subject to lock-in period of one year;
(b) debt or debt instrument of a venture capital undertaking in which the foreign venture capital investor] has already made an investment by way of equity