Ahmedabad-based real estate developer Shivalik Group has received regulatory approval from Securities and Exchange Board of India (SEBI) for its first fund- Shivalik Investment Fund as a Category II AIF (Alternative Investment Fund).
Banking & Finance
Ahmedabad-based real estate developer Shivalik Group has received regulatory approval from Securities and Exchange Board of India (SEBI) for its first fund- Shivalik Investment Fund as a Category II AIF (Alternative Investment Fund). The proposed AIF aims to raise up to Rs300 crore through private placement, including Rs150 Crore Green Shoe Option exercisable at the discretion of the investment manager. The fund will mobilize funds from a diverse group of domestic investors, including individuals, family offices, HUFs, high net-worth individuals, private institutions, other body corporate or non-corporate in India.
Securities and Exchange Board of India (SEBI)
HQ- Mumbai; Formed- 12 April 1988
Chairperson- Madhabi Puri Buch
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