Private equity firm Multiples and its key personnel have settled with Sebi for approximately ₹93 lakh over alleged violations concerning an alternative investment fund. The action stemmed from the fund's failure to wind up upon expiry of its tenure as per its private placement memorandum. The settlement was sought to resolve the matter without admitting guilt.

Multiples settles Sebi case over AIF tenure

Synopsis

Private equity firm Multiples and its key personnel have settled with Sebi for approximately ₹93 lakh over alleged violations concerning an alternative investment fund. The action stemmed from the fund's failure to wind up upon expiry of its tenure as per its private placement memorandum. The settlement was sought to resolve the matter without admitting guilt.

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