The Economic Times

Mirae Asset AIF settles with Sebi for Rs 12.7 lakh over investment limit breach

Mirae Asset Venture Opportunity Trust and its managers settled with Sebi for Rs 12.7 lakh. This settlement followed a breach of regulatory investment limits in a single company. The fund had invested significantly more than permitted in Supermarket Grocery Supplies Pvt Ltd. This action was taken after the regulator's examination revealed the investment percentage. The entities agreed to the settlement to resolve the legal proceedings.