Representative ImageAHMEDABAD: Ahmedabad-based real estate developer Shivalik Group has received regulatory approval from Securities and Exchange Board of India (Sebi) for its first fund- Shivalik Investment Fund as a Category II AIF (Alternative Investment Fund). The proposed AIF aims to raise up to Rs 300 crore through private placement, including Rs 150 Crore Green Shoe Option exercisable at the discretion of the investment manager. tnn

Published On Feb 9, 2024 at 09:10 AM IST

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