Venture Intelligence (TSJ Media Pvt. Ltd.)
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AIF rules violations: Investcorp, 6 others settle case with Sebi
Investcorp Real Estate Yield Fund and six others have settled with capital markets regulator Sebi a case of flouting Alternate Investment Funds (AIF) rules on payment of INR 25.5 lakh towards settlement amount.Apart from Investcorp Real Estate Yield Fund, Investcorp India Asset Managers, Ajay Kumar, Niraj Sirsalewal, Ritesh Vohra, Gaurav Sharma and IDBI Trusteeship Services Ltd have settled the case.Sebi observed that the tenure of the Investcorp Real Estate Yield Fund had been extended beyond two years and that its investments had not been liquidated within the timelines as specified in the Sebi's AIF rules by the AIF, manager, key managerial personnel and trustee resulting in the violation of AIF norms.
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Venture Intelligence (TSJ Media Pvt. Ltd.)
1, Maharani Chinnamba Road; Alwarpet; Chennai - 600018. India.