Venture Intelligence (TSJ Media Pvt. Ltd.)
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Indiabulls AMC, others pay Rs.1.43 Cr to settle AIF rules violations case with Sebi
Erstwhile Indiabulls Asset Management Company (now known as Groww AMC), its schemes and former officials have settled a case with the capital markets regulator Sebi pertaining to alleged violations of alternative investment fund rules after collectively paying INR 1.43 crore.Those who settled the case are Indiabulls AIF, Indiabulls Dual Advantage Real Asset Fund (IBDARA), Indiabulls Real Estate Fund (IBREF), Ambar Maheshwari, Amit Jain and Parth Muria. The case pertains to applicants allegedly violating the AIF Regulations way back in 2017.In 2023, Indiabulls AMC was acquired by fintech firm Groww. It had three business verticals - mutual fund business, alternative investment fund business and portfolio management business.
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Venture Intelligence (TSJ Media Pvt. Ltd.)
1, Maharani Chinnamba Road; Alwarpet; Chennai - 600018. India.