Sebi wants alternative investment funds raising money to hire investment banks
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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.
Reuters
The Securities & Exchange Board of India (Sebi) wants all private equity (PE) and venture capital (VC) funds raising money to hire investment banks - a proposal that fund houses are trying to push back.
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.
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India: SpiceJet board to discuss various fundraising options
Visual from SpiceJet website
June 29, 2021
The board of directors of no-frills carrier SpiceJet Limited will meet on Wednesday to discuss various options of raising fresh capital, the airline said in a stock exchange notification.
“This is to inform you that that the Board of Directors of the Company in its meeting scheduled on Wednesday, the 30th day of June, 2021, will discuss and consider, interalia, options for raising fresh capital through issue of equity shares/debt instrument on preferential/qualified institutions placement basis….,” the airline said.
The fund raising comes amid the coronavirus pandemic that has had an adverse impact on airlines’ operations.