Mirae Asset Venture Investments, others pay Rs 12.75 lakh to settle Sebi proceedings over violations
Mirae Asset Venture Opportunity Trust, Mirae Asset Venture Investments (India) and their key managerial personnel on Wednesday settled a case pertaining to alleged non-compliance with Alternative Investment Fund (AIF) regulations by paying Rs 12.75 lakh to markets regulator Sebi.
This follows the entities filing a settlement application proposing to resolve the enforcement proceedings against them through a settlement order.
According to Sebi’s settlement order, Mirae Asset Venture Investments (India) Pvt Ltd, the manager of Mirae Asset Late Stage Opportunities Fund, invested Rs 128.18 crore in Supermarket Grocery Supplies Pvt Ltd.
