SEBI settles charges against power sector VC fund
The Securities and Exchange Board of India (SEBI) has agreed to a INR3.7 million ($69,000) settlement against power sector venture capital fund Small is Beautiful for its alleged violation of venture capital investment regulations.
The INR2.3billion fund was established in 2004 as India's first power-focused vehicle and registered with SEBI as a venture capital fund. It received commitments from as many 21 public sector banks, financial...
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