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India: SEBI to regulate real estate funds

Posted on 02 August 2011

The Securities & Exchange Board of India proposes to regulate fund pools, such as private equity and real estate funds, to reduce fraud and risk to public markets. However, the move may not be received well by the industry which has had a free run for more than a decade.
The regulator, which last week ushered in takeover norms, widely seen favouring private funds, may be neutralising some possible negative effects of them, by proposing many limits and definitions of alternative investments……………………………………….Full Article: Source

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