Stock Market

Sebi wants alternative investment funds raising money to hire investment banks

The regulator wants a third-party intermediary, governed by rules of the capital market, to verify information in a fund's 'private placement memorandum.' PPM is the key document prospective investors skim through before putting money in alternative investment funds (AIFs) - the regulatory term for PE and VC funds.

from Markets-Economic Times https://ift.tt/3eZ1EiW

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