Sebi allows AIFs and VCFs to invest up to $1.5 bn in foreign companies
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This is the second relaxation for Alternative Investment Funds (AIFs) by the capital markets regulator in the past three years. In 2018, it raised the overseas investment limit to $750 million from $500 million.
“This will allow greater Indian participation in global companies and will accelerate the growth of the Indian AIF industry,” said 3one4 Capital founder Siddarth Pai.
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MUMBAI: Securities and Exchange Board of India has allowed more room for domestic private equity and venture capital funds to invest abroad. Now, these investment vehicles can invest up to $1.5 billion of their corpus in foreign companies from the existing $750 million. The move will allow these funds more opportunities to invest their growing investment corpuses.
Sebi deepens fund managers skin in the game
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The new rule comes in the wake of a forensic report commissioned by Sebi which alleged that some of the top officials of Franklin Templeton and their family members withdrew a portion of their investments from some of six stressed schemes of the fund house just before they were shut for redemptions on April 23,2020.
Getty Images Having skin in the game is looked at positively by all investors, and the basic intent seems good, said Kaustubh Belapurkar, Director (Fund Research), Morningstar India.
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Mumbai: Mutual funds will have to pay a part of the salary to its top employees in the form of units of the schemes they oversee. The Securities and Exchange Board of India (Sebi) said on Wednesday at least 20% of the salary, perks, bonus or non- cash compensation of these executives will have to be paid in the form of units of mutual fund schemes.
Zomato reveals its much-awaited IPO plan and it’s worth $1.1 billion
Sanchita DashApr 28, 2021, 11:58 IST
Zomato has filed for a $1.1 billion IPOBCCL
The food delivery unicorn has filed the draft red herring prospectus for a $1.1 billion initial public offering (IPO) with the bourses.
Zomato is offering equity shares worth ₹8,250 crore, out of which ₹7,500 crore will be a fresh issue, while ₹750 crore is an offer for sale from one of its earliest backers Info Edge.
Zomato was last valued at $5.4 billion.Zomato has finally moved the Securities and Exchange Board of India (SEBI) for its much awaited public market debut. The food delivery unicorn has filed the draft red herring prospectus for a $1.1 billion initial public offering (IPO) with the bourses.
Securities and Exchange Board of India today said that asset management companies must pay at least 20 per cent of gross salary of key employees in the form of the units of the scheme managed by them.
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NEW DELHI: Markets regulator Sebi on Monday said it will auction a property of PVP Global Ventures at a reserve price of Rs 22.55 crore on May 12, to recover dues. The property to be put on sale is a vacant land situated in Telangana, the Securities and Exchange Board of India (Sebi) said in a notice. The said properties standing in the names of Arete Real Estate Developers Private Limited and Expressions Real Estates Private Limited were attached in the recovery proceedings, as offered by the said entities along with no objection for realization of the dues from Shri Prasad V Potluri and PVP Global Ventures Private Limited, through sale thereof, Sebi noted.