Dear All,
Please Resolove my following query.
Every venture capital is require to calculate NAV ( Net Asset Value) which will be communicated to its contributors. Nature of business of venture capital is " Taking money from XYZ (called contributors ) and investing in the new venture ( called Investee Company).
As per my knowledge NAV is equal to market value of Assets (Fixed + Current) - Mkt Value of outsider liabilities.
Now my question :-
In calculating the market value of investment, will it be book value of investment or it will be calculated? Notmally it should be the market value ? however my Investee company in which venture capital has invested money, is a non listed company then how the market value will be calculated ??
Thanks & regards
CA. Arun Chhajer
CAclubindia
