Infosys founder N.R. Narayana Murthy has been picked up to head SEBI’s panel for a new funding platform for startups in India.
The panel, Alternative Investment Policy Advisory Committee (AIPAC), will set up rules for the funding platform and will advise markets regulator SEBI on capital market policies.
The 18-member panel includes private equity and venture capitalists like KKR India Chief Executive Sanjay Nayar, Piramal Group Chairman Ajay Piramal and Devinjit Singh, Managing Director of the Carlyle Group India, and Saurabh Srivastava, Founder of Indian Angel Network.
Apart from that the panel will also include representatives of SEBI, Reserve Bank of India and the Finance Ministry.
Recently, SEBI has been planning to revamp the policies to make listing of startups easier in India. It has plans to exempt startups from lock-in period clauses while listing on the stock exchanges.