The capital market regulator is setting up a high-power committee which is expected to be headed by Infosys founder NR Narayana Murthy
The Securities and Exchange Board of India is preparing to revise norms on alternative investment funds (AIFs), according to a media report.
The capital market regulator is setting up a high-power committee which is expected to be headed by Infosys founder NR Narayana Murthy, the report added.
AIF as an investment vehicle was established to pool in funds for investing in real estate, private equity and hedge funds. Such funds buy into private companies, restructure them and then liquidate their positions by selling to other firms or via a stock offering.
The seven-member panel is to create an environment in which enterprises including startups can raise private capital efficiently as well as put in place measures for AIFs, the report further said.
The capital market regulator is setting up a high-power committee which is expected to be headed by Infosys founder NR Narayana Murthy, the report added.
AIF as an investment vehicle was established to pool in funds for investing in real estate, private equity and hedge funds. Such funds buy into private companies, restructure them and then liquidate their positions by selling to other firms or via a stock offering.
The seven-member panel is to create an environment in which enterprises including startups can raise private capital efficiently as well as put in place measures for AIFs, the report further said.
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