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Sebi likely to announce new norms for angel investors

The regulator plans to restrict investment by such funds between Rs 50 lakh and Rs 5 crore.

June 24, 2013 4:28 IST | India Infoline News Service
Market regulator SEBI is planning to introduce new rules for angel investors, according to a media report.

According to proposals being considered by SEBI, angel investors can be allowed to be registered as Alternative Investment Funds (AIFs) -- a newly created class of pooled-in investment vehicles for real estate, private equity and hedge funds, the report added.

The regulator plans to restrict investment by such funds between Rs 50 lakh and Rs 5 crore.

Angel investors provide funding to companies at their initial stages.

SEBI may consider these proposal in its board meeting scheduled for tomorrow.





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