SEBI permits Category III AIFs to calculate concentration norms in listed equity based on Net Asset Value

The market regulator, SEBI permits category III AIFs, including large value funds for accredited investors of category III AIFs, to calculate the concentration norm based on net asset value of the fund for investment in listed equity of an investee company. SEBI also states that appointment of custodian if the sum of corpus of the AIF and the value of the co-investment managed by the manager of the AIF is more than Rs 500 crore.The market regulator, SEBI permits category III AIFs, including large value funds for accredited investors of category III AIFs, to calculate the concentration norm based on net asset value of the fund for investment in listed equity of an investee company. SEBI also states that appointment of custodian if the sum of corpus of the AIF and the value of the co-investment managed by the manager of the AIF is more than Rs 500 crore.taxmann.com Latest Statutory HappeningsRead More

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