New Delhi, April 30 (IANS) Securities and Exchange Board of India (SEBI) on Thursday introduced a fast-track mechanism for processing private placement memoranda (PPMs) of Alternative Investment Funds (AIFs), a move aimed at reducing approval timelines and enabling quicker capital deployment.Under the revised framework, AIFs — excluding large value funds for accredited investors (LVFs) — can launch schemes and circulate their PPMs to investors after 30 days of filing the application with SEBI,…
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