The Indian capital markets regulator has made it unambiguously clear that funds have to close and liquidate within the specified period even if a predominant number of investors who have contributed to a fund pool give their consent to extend the tenure of the fund.source https://economictimes.indiatimes.com/industry/banking/finance/pe-houses-vcs-can-no-longer-stretch-their-funds-life-to-avoid-fire-sale/articleshow/95698354.cms
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