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

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.

Next Story
Resources

LANXESS India Holds Solutions Day Showcasing Diverse Portfolio

Specialty chemicals company LANXESS India hosted its first exclusive Solutions Day event in Mumbai. The event brought together customers and other key stakeholders for a deep dive into the organisation’s diversified and sustainable product portfolio. LANXESS was represented by all its 9 business units – Advanced Industrial Intermediates, Flavors & Fragrances, Inorganic Pigments, Liquid Purification Technologies, Lubricant Additives Business, Material Protection Products, Polymer Additives, Rhein Chemie and Saltigo. Solutions Day was organised with the intent to highlight the conce..

Next Story
Resources

Cellecor Signs NDA with Shenzhen for High-Tech Manufacturing in India

Cellecor Gadgets Limited, one of India’s fastest-growing consumer electronics brands, has signed a strategic Non-Disclosure Agreement (NDA) with Shenzhen H&T Intelligent Control Co., Ltd and Shenzhen Jia Zha Geye Technology Co., Ltd. to set up a world-class manufacturing facility in India. The proposed facility will specialise in intelligent controllers, sensors, chips, semiconductor components, and integrated smart solutions to serve a wide spectrum of industries, ranging from consumer electronics and electric vehicles to smart homes, industrial automation, and next-generation chip..

Next Story
Infrastructure Energy

DPIL Wins ₹2.3 Billion Orders for Power Cables

Diamond Power Infrastructure Limited (DPIL) announced on Monday that it has secured two major orders worth over Rs 2.3 billion for the supply of power cables.The company received letters of intent from Rajesh Power Services Limited for a project under Dakshin Gujarat Vij Company Limited, valued at approximately Rs 1.51 billion, and from Adani Electricity Mumbai Limited, valued at around Rs 792.8 million.DPIL is recognised as India’s largest single-location manufacturer of power cables and conductors, and these contracts further strengthen its foothold in the country’s power infrastructure ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?