Former Sebi chief Damodaran to head committee to boost PE/VC investments

Finance minister Nirmala Sitharaman in her FY23 budget had proposed to set up the committee

The Finance Ministry on Tuesday constituted an expert committee headed by former Sebi chief M. Damodaran to examine and suggest appropriate measures to address regulatory issues to scale up investments by venture capital (VC) and private equity (PE).

Other members of the committee include G. Mahalingam, former whole time member of SEBI and executive director of RBI; D.P. Nagesh Kumar, former member, CBIC; Ashish Verma, former principal chief commissioner of income tax; Poonam Gupta, director general of NCAER; and Prabhat Ranjan Acharya, director, Arun Jaitley National Institute of Financial Management.

Finance minister Nirmala Sitharaman in her FY23 budget had proposed