A committee set up by India’s stock market regulator, the Securities and Exchange Board of India (Sebi), to encourage investments in so-called alternative investment funds (AIF), which invest in start-ups and other young companies, will likely recommend a lower investment threshold for accredited investors, said two people familiar with the discussions of the group.
The people, who asked not to be identified, said the committee would also recommend anonymized disclosure norms which, while providing adequate information to potential investors, do not involve sharing details of specific exits (the sale of an investment).
