Wednesday, May 16, 2012

ALTERNATIVE INVESTMENT FUNDS TO RE-REGISTER

Private equity fund-raising has hit a regulatory hurdle with the Securities and Exchange Board  of India (SEBI) directing alternative investment funds (AIFs) to stop raising money till they register again with it. More than a dozen private equity firms and real estate-focused funds are in the midst of raising capital of over Rs 26,000 crore, according to Chennai-based researcher Venture Intelligence.

Last week, The Securities and Exchange Board of India (SEBI) revamped Alternative Investment
Funds (AIFs) rules by saying that Private Equity firms shall not raise any fresh funds after  notification of these regulations except commitments already made by investors as on date of the notification. 

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