Unlisted Shares and AIF taxation

Hi

The amendment to Finance Act 2023 brought out changes in taxation of debt mutual funds, under which no benefit of indexation for calculation of long-term capital gains (LTCG) on debt mutual funds will be available for investments made on or after April 1, 2023. But what about investment in shares outside India or investment in equity ouside India through Alternate investment funds. Will the amendment be applicable to these securities too?

Thanks