Gaja Capital India Fund V Receives SEBI Approval as Category II AIF
Gaja Alternative Asset Management Limited received SEBI approval for Gaja Capital India Fund V, a Category II Alternative Investment Fund. The fund has a 10-year term, extendable by two years. Gaja Capital will act as the investment manager.
The approval of a new AIF is significant for the company's future growth and operational expansion, impacting its asset management capabilities.
The company has obtained a crucial regulatory approval for a new fund, which is expected to aid in its growth strategies.
Gaja Alternative Asset Management Limited has announced the successful acquisition of approval from the Securities and Exchange Board of India (SEBI) for its Gaja Capital India Fund V. This fund has been registered as a Category II Alternative Investment Fund (AIF).
The company, which will serve as the investment manager for this fund, intends to leverage this approval to expand its operations and advance its growth strategies.
The term of the fund is set for 10 years from the Initial Closing, with a provision for two additional one-year extensions. Gaja Alternative Asset Management Limited has confirmed that it will inform the stock exchanges of any future withdrawal, cancellation, or suspension of this approval, along with any resulting impact and corrective actions.
A plain-language summary of a public exchange filing by Gaja Alternative Asset Management Limited. Read the original for the full detail.