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SEBI mulls providing flexibility to AIFs to offer co-investment opportunities to investors
The capital markets regulator the Securities and Exchange Board of India (Sebi) has proposed enabling alternative investment funds (AIFs) to offer co-investment opportunities in unlisted securities through a Co-Investment Vehicle (CIV) as a separate scheme of an AIF launched specifically for making co-investments.Sebi has also proposed other measures such as doing away with the ban on investment managers of AIFs providing advisory services in listed securities. Currently, AIF Regulations do not allow the manager to provide advisory services to any investor other than the clients of co-investment portfolio managers as specified in PMS Regulations.
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Venture Intelligence (TSJ Media Pvt. Ltd.)
1, Maharani Chinnamba Road; Alwarpet; Chennai - 600018. India.