Rajesh Gandhi emphasizes the need to simplify the tax regime, reduce rates and holding periods, and allow offset between long term and short term gains. He suggests extending the tax holiday for certain industries to 30 or 40 years. Gandhi also highlights the importance of incentivizing skilled workforce movement to GIFT City through personal tax funds. He calls for a separate regulatory and tax regime for the PE sector. Additionally, he proposes extending tax-free investments in infrastructure for sovereigns, pension funds, and PE investment
Private equity investments in India dropped by 65.4% to $1.81 billion in Q3 2023 compared to the same period last year. The number of deals also fell by 50.1% to 232. Despite this decline, internet-specific and computer software companies received the most PE interest, with $2.80 billion and $1.48 billion invested.
The Indian Real Estate Sector recorded robust private equity investment of $1.92 bn in Q2 2023, highlighting investor confidence in the market after a marginally subdued Q1. This is 63% higher than the previous quarter (Q1-23) and 60% higher than the same period last year, according to Cushman & Wakefields latest Investment report.
According to private market intelligence firm PrivateCircle Research, BYJU's promoters Byju Raveendran, Divya Gokulnath and Riju Ravindran have together sold shares worth around USD 408.53 million in 40 secondary transactions since 2015.