Yesterday, the Indian government issued new guidelines for reopening the lockdown in 3 phases. The lockdown will continue in containment zones until June 30. In the first phase, hotels, eateries, shopping malls and religious places can open from June 8. Social distancing measures will continue. States have the authority to impose stricter guidelines. For instance, Maharashtra has adopted a more stringent approach in red zones. Private offices in Mumbai and Pune can operate with 10% of staff from June 8.
Akil Hirani quoted by IBLJ in an update on Alternative Investment Funds (AIFs) exit timelines
SEBI has sent out notices to several AIFs for failing to honour the timeline of funds specified in their offer documents. Akil Hirani, Managing Partner, was quoted by IBLJ on the topic. "While some degree of flexibility is needed, as markets are cyclical and...