Shivalik Group receives Sebi approval for AIF
Fri, Feb 9, 2024 10:01 AM

Shivalik Group receives Sebi approval for AIF

A Flip by Avya Verma
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Ahmedabad-based real estate developer Shivalik Group has received regulatory approval from Securities and Exchange Board of India (Sebi) for its first fund- Shivalik Investment Fund as a Category II AIF (Alternative Investment Fund). The proposed AIF aims to raise up to Rs 300 crore through private placement, including Rs 150 Crore Green Shoe Option.

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