In case the consent of 75 per cent of investors by value is not received, the AIF should mandatorily liquidate the investments at liquidation value within a year of expiry
Presently, AIF Regulations focus on disclosures to investors and do not prescribe any guidelines on the methodology to be adopted
The new guidelines would come into force with immediate effect, the Securities and Exchange Board of India (Sebi) said in a circular.
Quotes or bids on RFQ platform can be placed to an identified counterparty in one-to-one mode or to all the participants in one-to-many mode
Alternative investment funds (AIFs) are established in India to raise capital from Indian, foreign, or non-resident Indian investors by issuing units.
Last week, the government along with Life Insurance Corporation (LIC) invited preliminary bids for selling 60.72 per cent stake in IDBI Bank. The last date for putting in Expression of Interest (EoI) is December 16
The new norms, which will come into force with immediate effect, allow business entities to hedge risks associated with the bonds market
The new guidelines, came after Sebi's board approved a proposal in this regard in June, will come into force with immediate effect