IFSC-based AIFs get more room to operate, borrowing flexibility

At present, the Securities and Exchange Board of India (Sebi) rules allow private equity funds to borrow funds only for temporary funding needs. It prevents category 1 and 2 alternative investment funds (AIF) from borrowing more than four times a year and each borrowing must be for not more than 30 days and not more than 10% of the investable funds.

from Stocks-Markets-Economic Times https://ift.tt/2JUkHhJ