Venture Intelligence (TSJ Media Pvt. Ltd.)
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Sebi issues borrowing norms for Category-I & II AIFs
Capital markets regulator the Securities and Exchange Board of India (Sebi) has issued guidelines for borrowing by Category-I and Category-II alternative investment funds (AIFs).Under the new rules, the AIFs will be allowed to avail loans to meet temporary funding needs and day-to-day operational requirements for up to 30 days. The new mandates also cap the number of times that AIFs can borrow in a year at four and up to 10% of total investible funds.
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Venture Intelligence (TSJ Media Pvt. Ltd.)
1, Maharani Chinnamba Road; Alwarpet; Chennai - 600018. India.