Angel funds can’t exercise pre-emptive rights to invest in investee companies that have lost startup status: SEBI – Start Ups News
Angel funds cannot exercise their pre-emptive rights to make additional investments and increase stakes in their existing portfolio companies if they have lost their startup status, according to the market regulator Securities and Exchange Board of India (SEBI). “Extant AIF (Alternative Investment Funds) regulations do not provide for investment by Angel Funds in entities other
