Tag: Sebi
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Sebi Introduces New Regulations for AIF Transition to AI-Exclusive Schemes
The Securities and Exchange Board of India (Sebi) on Monday issued modalities for migration of existing alternative investment fund (AIF) schemes into accredited investor-only (AI-only) schemes or large value funds (LVFs). The regulator will offer relaxations to LVFs for AI to enhance the ease of doing business for AIFs. This migration is subject to obtaining…
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ICICI Prudential AMC Ventures into Private Equity, Awaits Sebi Approval
ICICI Prudential Asset Management Company is seeking approval from the Securities and Exchange Board of India (Sebi) to enter the private equity business as part of its strategy to diversify into alternative asset classes, Managing Director and CEO Nimesh Shah said. Speaking at a press conference ahead of the company’s upcoming IPO, Shah said discussions…