SEBI (Securities and Exchange Board of India) approved an "Airport" specific fund of Rs 10,000 crore.
a. Railway Fund
b. Airport Fund
c. Forest Fund
d. Agriculture Fund
Details:
- The name of the fund is 'Taking Off To the Future Airport Fund'.
- It can raise a capital amounting to $1.5 bn (Rs. 10,000 crores).
- The 'Sponsor and Investment Manager' of the fund is based in Chennai and is termed as 'Taking Off To The Future Investment Management LLP'.
- Gigi George leads the management and operation of 'Sponsor and Investment Manager'.
- A minimum capital contribution of Rs. 3500 crore and a maximum of Rs. 7000 crore is targeted by the fund.
About SEBI:
- The regulator for the securities market in India is the Securities and Exchange Board of India(SEBI)(established in 1988).
- On 12th May 1992, it became an autonomous body by the Government of India.
- Through the SEBI Act, 1992, SEBI was given statutory powers on 30 January 1992.
- On 10th January 2017, Ajay Tyagi was appointed as the chairman of SEBI by replacing U.K. Sinha.
Question:
Q. SEBI (Securities and Exchange Board of India) in a first of its kind move approved which specific fund of Rs 10,000 crore?a. Railway Fund
b. Airport Fund
c. Forest Fund
d. Agriculture Fund
