PMS Bazaar, an alternative investments platform, has partnered with NSDL Database Management Ltd (NDML) to facilitate the SEBI Accredited Investor certification process for eligible investors and entities.
PMS Bazaar, an alternative investments platform, has partnered with NSDL Database Management Ltd (NDML) to facilitate the SEBI Accredited Investor certification process for eligible investors and entities.
The SEBI has extended the deadline for Regulated Entities (RE) to complete the Accessibility Audit of digital platforms and the remediation of audit findings under its Digital Accessibility framework to October 31, 2026.
SEBI has also launched the GARUDA framework to simplify and accelerate the filing process for Alternative Investment Fund (AIF) schemes.
The Competition Commission of India (CCI), under the Ministry of Corporate Affairs (MCA), has approved two major acquisition proposals.
Germany-based DWS Group has received approval to acquire a 40% stake in Nippon Life India Alternative Investment Fund (AIF) Management Limited (NIAIF) for approximately ₹733 crore.
An Aditya Birla Group-led consortium has acquired a 100% stake in Royal Challengers Sports Pvt Ltd (RCSPL), the owner of the Royal Challengers Bengaluru (RCB) franchise, from United Spirits Ltd (USL) in an all-cash deal worth ₹16,660 crore. Following the acquisition, Aryaman Vikram Birla, Director at the Aditya Birla Group, has been appointed as the Chairman of the RCB franchise.
The SEBI has proposed a new regulatory framework named ‘Green Channel: Alternative Investment Funds (AIF) Rollout Upon Document Acknowledgement (GARUDA)’ to accelerate the launch and approval process of AIF schemes in India.
The GARUDA mechanism aims to streamline the processing of Placement Memorandums (PPMs) to facilitate faster fundraising. Under this, the waiting period for Non-Accredited Investor schemes is reduced from 30 days to 10 working days after filing the PPM. Additionally, Angel Funds and Accredited Investor-only schemes can commence fundraising almost immediately after filing their documents with the regulator.
The Government of India has notified the “Startup India Fund of Funds 2.0” (Startup India FoF 2.0) with a total corpus of ₹10,000 crore to mobilise venture and growth capital for the domestic startup ecosystem.
This initiative is the successor to the “Fund of Funds for Startups” (FFS 1.0) launched in 2016 under the “Startup India Action Plan” to address funding gaps and catalyse domestic capital. The Startup India FoF 2.0 will facilitate commitments to eligible Alternative Investment Funds (AIFs) across the 16th and 17th Finance Commission cycles.
Bajaj Alternate Investment Management (Bajaj Alts), the alternative investment arm of Bajaj Finserv, has received approval from the Securities and Exchange Board of India (SEBI) to launch Portfolio Management Services (PMS).
This licence allows the firm to expand its operations beyond its existing Alternative Investment Fund (AIF) business into the actively managed listed equities space.