New Delhi, March 8 -- Standard Capital Markets Limited announced on Saturday, March 8, that it conducted its board meeting where the members decided that the non-banking financial company (NBFC) will foray into alternate investment fund (AIF) business with an initial investment of Rs.50 crore.

The Company to sponsor Alternative Investment Fund (AIF) - Category III in the name of "Standard Global Opportunities Fund" or any other name as approved by the regulator and in this regard:

Approved the proposal to act as a Sponsor & settler to the proposed Category III - Alternative Investment Fund and commiƩed the initial contribution of up to Rs. 50.00 crore, subject to approval of SEBI.

The Company to manage assets and investment of an ...