Shivalik Group's debut fund receives SEBI nod for Rs 3 billion raise
  1. Home
  2. Infrastructure Urban
  3. ECONOMY & POLICY
  4. Shivalik Group's debut fund receives SEBI nod for Rs 3 billion raise
ECONOMY & POLICY

Shivalik Group's debut fund receives SEBI nod for Rs 3 billion raise

13 Feb 2024 1 Min Read CW Team
The Shivalik Group, a real estate developer headquartered in Ahmedabad, has secured regulatory clearance from the Securities and Exchange Board of India (SEBI) for its inaugural fund, Shivalik Investment Fund, designated as a Category II Alternative Investment Fund (AIF).

The planned AIF is set to garner funds of up to Rs 3 billion through private placement, with an additional Rs 1.5 billion Green Shoe Option that can be exercised at the discretion of the investment manager.

The Shivalik Group, a real estate developer headquartered in Ahmedabad, has secured regulatory clearance from the Securities and Exchange Board of India (SEBI) for its inaugural fund, Shivalik Investment Fund, designated as a Category II Alternative Investment Fund (AIF). The planned AIF is set to garner funds of up to Rs 3 billion through private placement, with an additional Rs 1.5 billion Green Shoe Option that can be exercised at the discretion of the investment manager.

Previous
3 yrs completion crucial for navigating LTCG tax uncertainty

Next
Kapil Dev acquires 16-acre land in Karjat, faces stamp duty adjustment

Related Stories

Gold Stories

Opinion Poll

Question : Which technological advancement do you believe will most transform the real estate industry in the coming years?

Latest updates

Bridge to the Future
ROADS & HIGHWAYS
27 Apr 2024

Bridge to the Future

Global Gains
Real Estate
27 Apr 2024

Global Gains

REITs & InvITs: Rs 1.3 Tn Mobilised in 4 Years - RBI Data
ECONOMY & POLICY
27 Apr 2024

REITs & InvITs: Rs 1.3 Tn Mobilised in 4 Years - RBI Data

Record High: Cruise Tourism Hits 4.7 Lakh Footfall in 2023-24
PORTS & SHIPPING
27 Apr 2024

Record High: Cruise Tourism Hits 4.7 Lakh Footfall in 2023-24

Air Taxis: Revolutionising Urban Travel, Says Hunch Mobility MD
AVIATION & AIRPORTS
27 Apr 2024

Air Taxis: Revolutionising Urban Travel, Says Hunch Mobility MD

Indian Railways Aims for Rs 54 Bn from Scrap Sales
RAILWAYS & METRO RAIL
27 Apr 2024

Indian Railways Aims for Rs 54 Bn from Scrap Sales

KKR Invests in India's Rapid Growth
ECONOMY & POLICY
27 Apr 2024

KKR Invests in India's Rapid Growth

REITs & InvITs Raise Rs 1.3 Tn in 4 Years - RBI Data
ECONOMY & POLICY
27 Apr 2024

REITs & InvITs Raise Rs 1.3 Tn in 4 Years - RBI Data

Hi There!

Now get regular updates from CW Magazine on WhatsApp!

Click on link below, message us with a simple hi, and SAVE our number

You will have subscribed to our Construction News on Whatsapp! Enjoy

+91 81086 03000

Join us Telegram