New Delhi, June 11 -- The Securities and Exchange Board of India (Sebi) has extended a crucial deadline for older venture capital funds (VCFs) to wind up expired schemes, following direct engagement with the industry to smooth their transition to a new regulatory framework. The Sebi granted a one-year extension for liquidations, but maintained a firm stance on migration, requiring funds to apply to the Alternative Investment Fund (AIF) framework by 19 July 2025.

People aware of the matter told Mint that Sebi's outreach-both independently and through industry associations such as the Indian Venture and Alternate Capital Association (IVCA) and the Private Equity and Venture Capital Chief Financial Officer Association (PEVCCFO)-helped clari...