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Regulatory | 27 February 2013

SEBI Opens More Gate For Hedge Funds In India

by Paritosh Gajjar
 
@Paritosh
If the new allowance by the SEBI with regards to hedge funds is anything to go by, India may soon witness a case similar to the ongoing one in American-listed nutrition company Herbalife which is facing a hedge fund investor battle in its stock.

SEBI, the regulatory watch dog in the capital markets, recently granted registration to five of the eleven asset managers seeking its approval to come up with hedge funds, a Mint piece stated.

This takes the tally to eight as three firms had already secured permission. Their AUMs could likely be in the range of R3,000-3,500 Cr and if all the funds retain 100% of their corpus in the next one year, the total size could be a minimum $1 Bn.

JSPL To Increase Stake In Apollo Minerals

Jindal Steel and Power is increasing stake in Australia's Apollo Minerals to 11.70% by acquiring additional 10 Mn shares of the firm for about A$ 0.4 Mn ( R2.20 Cr), according to ET.

Read More...

Flipkart Raises Fresh Round Of Funding

Flipkart Online Services Private Limited has raised a whopping $1 Bn (c.INR 60,000 Mn) in a fresh round of funding making one of the largest fund raises in the space. The fund raise values the online retailer over $5 Bn (c.INR 300 Bn).

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