WhiteOak MF launches spl alternatives fund; Allied Blenders will get IPO nod

Illustration: Ajay Mohanty

1 min learn Final Up to date : Might 14 2024 | 10:44 PM IST

WhiteOak Capital Mutual Fund on Tuesday introduced the launch of Particular Alternatives Fund, an fairness scheme which is able to put money into alternatives offered by particular conditions equivalent to company restructuring, authorities coverage or regulatory modifications, technology-led disruption and innovation, new tendencies and rising sectors.

Based on the fund home, the scheme may also search for alternatives in sectors going by non permanent challenges. “The danger-reward profile makes this fund a horny choice for many who perceive and are comfy with the potential volatility,” it mentioned. The scheme is benchmarked towards S&P BSE 500 TRI Index.

Allied Blenders and Distillers, the maker of Officer’s Alternative Whisky, has obtained Sebi’s go-ahead to lift Rs 1,500 crore by an preliminary public providing (IPO), an replace with the markets regulator confirmed on Tuesday.

The preliminary share sale includes contemporary issuance of fairness shares price Rs 1,000 crore and an offer-for-sale (OFS) of shares to the tune of Rs 500 crore by promoters, based on the draft pink herring prospectus.

First Printed: Might 14 2024 | 10:31 PM IST

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