Public Relations

One phone and address but 38 different entities

They have different names, but as many as 38 foreign venture capital investors (FVCIs) incorporated in Mauritius and registered with the Securities and Exchange Board of India (Sebi) have the same address and phone and fax numbers. - Record raising of funds in 2010 - NSE brokers to approach Sebi, govt on extended trading hours - Mandatory open offer for 100% stake in the works - Sebi may allow higher stake for buyers - Ringing in more changes - PSUs fail to meet Sebi criterion on directors According to Sebi data, 97 per cent of FVCIs are incorporated in Mauritius. Out of the 135 such entities, 131 are registered in the island nation. According to the Sebi list, the address — IFS Court, 28, Cybercity, Ebene, Mauritius — is common to 38 different funds. The list gives details of the FVCIs registered since 2001. The phone number (230) 467 3000 — and fax number (230) 467 4000 — are also the same for the 38 FVCIs.


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