IIFL Capital’s Maiden Late-Stage Private Equity Fund Announces First Close at ~ ₹500 Crore

• IIFL Capital’s Late-Stage Private Equity Fund targets a final close in excess of ₹1,000 crore within nine months from First Close
• Two transactions have already been committed with a pipeline of seven to eight deals under evaluation

MUMBAI, India, Oct. 22, 2026 /PRNewswire/ — IIFL Capital Asset Management Limited, the Asset Management arm of IIFL Capital, today announced that the IIFL Late-Stage Private Equity Fund, the maiden fund of its private equity platform, achieved its first close on 15 September 2026 with aggregate capital commitments of ~ ₹500 crore. The Fund invests in scaled-up, profitable Indian enterprises that are preparing to list on the public markets in the near term.

The Fund is targeting a total corpus of ₹1,000 crore, with a greenshoe option of additional ₹1,000 crore. It will remain open for subscription after the first close and aims to reach its final close within the next nine months. A larger corpus allows the Fund to back high-quality companies operating on a scale, in line with its late-stage, pre-IPO strategy.

The Fund is also evaluating a robust pipeline of opportunities, ranging from term sheet negotiations to transactions under diligence. The pipeline is diversified across integrated security-as-a-service, railway and wind energy components, specialty chemicals, defence equipment, IT-enabled services, pre-engineered buildings and consumer technology.

The Fund follows a clear mandate focused on scaled businesses nearing a public listing. The fund looks at sectors that envisage growth rate of 15%-18% per annum. The investee company should be amongst the top three-five players in its category, should have an EBITDA of at least ₹75-100 crore at investment with the intention to pursue IPO within three years. The average deal size is expected to be ₹50-100 crore per transaction.

Commenting on the milestone, Mr. Deepak Mittal, Chief Investment Officer and Head – Private Equity, IIFL Capital Asset Management Limited, said: “The first close marks the point at which this Fund moves from being a proposition to being a portfolio. We are grateful to our investors for their confidence in a volatile global environment. With two high-quality transactions already committed and a live pipeline of seven to eight opportunities, we believe IIFL’s capabilities give us a distinct advantage in backing scaled enterprises on their journey to the public markets.”

The first close comes in the backdrop of India’s primary market revival. After a subdued April-June quarter, July and August 2026 together saw 35 mainboard IPOs, and foreign portfolio investors returned as net buyers, including through IPOs. Real GDP grew 7.8% in Q1 FY27, with gross fixed capital formation up 11.9%, supporting the sectors the Fund is targeting.

About IIFL Capital Asset Management Limited

IIFL Capital Asset Management Limited (formerly IIFL Securities Alternate Asset Management Limited) is the Investment Manager for Alternative Investment Funds sponsored by IIFL Capital Services Limited. It is registered with SEBI as an Alternative Investment Fund manager (IN/AIF3/19-20/0770, IN/AIF2/21-22/088), Investment Adviser (INA000019956) and Portfolio Manager (INP000009445). Registered office: Ground Floor 01, Hubtown Solaris, Saiwadi, N S Phadke Road, Andheri East, Mumbai 400069. Website: assetmanagement.iiflcapital.com

About IIFL Capital Services Ltd

IIFL Capital Services Ltd (formerly known as IIFL Securities Limited) (NSE: IIFLCAPS) (BSE: 542773) is one of the key capital market players in the Indian financial services space. IIFL Capital offers broking services, wealth management, financial products distribution, institutional broking, research and investment banking services.

Disclaimer: This press release is for information purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any units of the IIFL Late-Stage Private Equity Fund or any securities. Investments in alternative investment funds are subject to market and other risks, including loss of capital. Investors should read the Private Placement Memorandum, including the risk factors, before investing. Registration granted by SEBI, enlistment with BSE, and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors. Past performance of securities/instruments is not indicative of their future performance.

View original content to download multimedia:https://www.prnewswire.com/in/news-releases/iifl-capitals-maiden-late-stage-private-equity-fund-announces-first-close-at–500-crore-302915550.html

Hoymiles Introduces MiS 6-in-1 Microinverter in India at REI Expo 2026 Along with Complete Solar and Storage Solutions

GREATER NOIDA, India, Oct. 22, 2026 /PRNewswire/ — Hoymiles, a global leader in module-level power electronics and energy storage, has introduced its MiS 6-in-1 microinverter (MIS-3680-W) to the Indian market, alongside solutions spanning residential, commercial and industrial (C&I), and utility-scale applications at the REI expo. Hoymiles has demonstrated how its technologies support diverse energy needs, from rooftop solar generation to large-scale storage. Hoymiles Founder and CEO Dr. Yang Bo and Vice President Mr. Guy Rong attended the event, underscoring the company’s long-term commitment to India.

MiS 6-in-1 Microinverter: Smarter, More Flexible Solar for Indian Homes

Designed for Indian rooftops, the MIS-3680-W connects up to six PV modules to a single microinverter, offering flexible configurations and efficient power generation.

With two MPPTs, it supports unbalanced layouts of zero to three modules per input and up to 2,200 W conversion power per channel. Its industry-first dynamic power adjustment technology can shift power utilization between inputs in over-paneling scenarios, capturing more available solar energy when one string is shaded.

Built for demanding outdoor conditions, the microinverter features IP67 protection, dual-sided heat dissipation and a wide 160–295 V AC operating range to help maintain performance amid voltage fluctuations. Through the S-Miles Cloud platform, installers can remotely monitor systems and diagnose faults, reducing unnecessary site visits.

Installation is simplified by the Flex-S3 cable and dual Wi-Fi and Bluetooth connectivity. For multi-unit systems, Wi-Fi Mesh technology enables one-touch network configuration and synchronized settings, delivering 70% faster commissioning. The product also comes with a 12-year standard warranty and support from an India-based technical team.

Complete Solutions for Every Scale of Energy

Along with the MiS 6-in-1 microinverter, Hoymiles also presented its five energy solutions: residential solar and storage systems, plug-in storage with AI-powered energy management, liquid-cooled C&I solutions, utility-scale solar and storage, and high-efficiency power conversion systems (PCS) designed for demanding grid conditions.

A Long-Term Partner in India’s Energy Transition

Through partnerships with regional distributors and an expanding sales and service network, Hoymiles continues to strengthen its presence across India. By combining reliable technology, flexible solar generation and integrated storage solutions, the company aims to help customers make better use of clean energy.

As India accelerates its renewable energy transition, Hoymiles remains committed to working with local partners and customers to make energy more accessible, reliable and efficient for all.

MIS-3680-W microinverter

View original content to download multimedia:https://www.prnewswire.com/in/news-releases/hoymiles-introduces-mis-6-in-1-microinverter-in-india-at-rei-expo-2026-along-with-complete-solar-and-storage-solutions-302916343.html

Supermicro Introduces the NVIDIA Vera CPU Rack, a 256 CPU, 100% Liquid-Cooled Rack-Scale Solution, Complementing the NVIDIA Vera Rubin Platform, for Agentic AI at Scale

• Delivers dedicated 256 NVIDIA Vera CPU capacity for agent sandboxes, complementing NVIDIA Vera Rubin NVL72 with common DCBBS infrastructure with third-generation NVIDIA MGX racks and battery backup units
• Integrates NVIDIA Vera CPUs and BlueField™-4 DPUs with the NVIDIA Open Agent Safety Platform and OpenShell Reference Architecture for secure, high-density agentic AI orchestration and continuous monitoring and policy enforcement
• Leverages Supermicro DCBBS to deliver a complete, integrated data center solution—from liquid-cooled rack architecture and power infrastructure to networking, cooling, and deployment services—enabling customers to build and scale full AI factories for agentic workloads

SAN JOSE, Calif., Oct. 22, 2026 /PRNewswire/ — Super Micro Computer, Inc (NASDAQ: SMCI), an AI, Enterprise, Storage, and 5G/Edge Total IT Solution Provider featuring Data Center Building Block Solutions® (DCBBS), today announced the NVIDIA Vera CPU rack as the latest addition to the DCBBS portfolio. The NVIDIA Vera CPU rack delivers dense CPU capacity for agentic AI, reinforcement learning (RL) workloads, and data processing, supporting 22.5K sandboxes at liquid-cooled AI factory scale. Complementary to the now shipping Supermicro NVIDIA Vera Rubin NVL72, the 100% liquid-cooled CPU rack can be used either standalone or alongside NVIDIA Vera Rubin NVL72 in AI factories, providing clusters with high-density CPU compute, designed to address the rapidly escalating requirements of agentic AI.

“As agentic AI transforms data center requirements, Supermicro is extending its DCBBS portfolio with fully integrated infrastructure,” said Charles Liang, president and CEO of Supermicro. “For customers seeking air-cooled deployments, Supermicro’s NVIDIA Vera CPU portfolio includes air-cooled 1U and 2U systems, in addition to rack-scale liquid cooling options. Together with NVIDIA, we help accelerate time to deployment with a common purpose-built architecture for secure, scalable agentic AI.”

To watch a video summary of this release, click here, and for the latest information on Supermicro solutions featuring NVIDIA Vera Rubin, click here.

“As enterprises scale agentic AI and reinforcement learning, supporting thousands of concurrent agent workflows requires a new class of high-density CPU infrastructure,” said Chris Marriott, vice president of enterprise platforms at NVIDIA. “NVIDIA Vera CPUs and BlueField-4 DPUs, integrated with Supermicro’s liquid-cooled DCBBS architecture, give customers the dedicated compute and hardware-based security to scale the execution of agentic workloads across their AI factories.”

Built to power the age of Agentic AI

Agentic AI and RL workloads represent an evolution from linear inference chains to branched, and often looped, execution with many more intermediate steps that depend on CPU availability and performance. GPUs remain the primary engine for generating tokens, code, and queries, while CPU-based sandbox environments execute actions, evaluate results, run tools, and orchestrate workflows. At the scale of modern AI factories, with hundreds or thousands of deployed GPUs, dedicated CPU compute is needed to host thousands or millions of parallel execution environments for agents.

The NVIDIA Vera CPU rack from Supermicro integrates 256 NVIDIA Vera CPUs, delivering 22,528 cores and 45,056 threads and supporting up to 22,500 concurrent agent sandboxes per rack. NVIDIA BlueField-4 DPUs provide high-performance networking and in-silicon security, and Supermicro’s DLC-2 direct liquid cooling stack enables a 100% liquid-cooled rack built for these workloads.

Common Infrastructure with Third-Generation MGX Racks and Battery Backup Units

The Vera CPU rack uses the third-generation NVIDIA MGX design, part of the DLC-2 stack, creating a common infrastructure architecture with Vera Rubin NVL72 that supports standardized deployment. NVIDIA MGX is a modular reference architecture for accelerated computing, helping system builders design future-compatible systems faster, reducing costs, accelerating time to market, and improving ROI. To power the compute racks, customers can choose either a traditional AC feed to compute rack or an 800 VDC sidecar power rack, which enables the use of battery backup units (BBU) in place of a conventional UPS for power loss protection. This approach helps free data center floor space, can improve end-to-end power conversion efficiency, and lowers CapEx and OpEx.

Prioritizing Secure Agentic AI with OpenShell Reference Architecture

The NVIDIA Vera CPU rack from Supermicro natively supports NVIDIA OpenShell Reference Architecture to continuously monitor and govern agent behavior, extending Supermicro’s support for secure AI agents. NVIDIA OpenShell runs on NVIDIA Vera CPUs to apply least-privilege, policy-based controls to agents at runtime, while NVIDIA Sentry runs on NVIDIA BlueField-4 DPUs as an out-of-band monitor that enforces policy, provides attested telemetry, and can quarantine an agent that moves outside its permitted boundaries in milliseconds. Together, these software solutions can help companies retain observability and auditability in production agentic systems without consuming host CPU resources.

An Optional Companion to Vera Rubin NVL72

The Vera CPU rack is designed to work alongside Vera Rubin NVL72 and is equally suited to standalone deployment. For customers building on the Supermicro DCBBS Blueprints for NVIDIA Vera Rubin NVL72, Supermicro offers an optional design that pairs Vera Rubin NVL72 racks with Vera CPU racks, with a defined network topology built on NVIDIA Spectrum-X™ Ethernet, hot-aisle containment layouts, and redundant in-row coolant distribution units (CDUs) and rear door heat exchangers from the DLC-2 stack. A single Supermicro team supports site survey, design, L11 and L12 integration and testing, on-site deployment, and ongoing support, whether the Vera CPU rack is deployed with Vera Rubin NVL72 or on its own.

Flexible Deployment Beyond NVIDIA Vera Rubin NVL72

The Vera CPU rack also operates as a standalone CPU platform. Standalone deployments can accelerate agent orchestration and sandboxing, database operations, cluster management, and schedulers such as Slurm and Kubernetes, data analytics, and large-scale software build pipelines.

Availability

The Supermicro NVIDIA Vera CPU rack is available to quote now. Learn more about Supermicro’s NVIDIA Vera CPU rack, and other solutions in the NVIDIA Vera Rubin platform here.

About Super Micro Computer, Inc.

Supermicro (NASDAQ: SMCI) is a global leader in Application-Optimized Total IT Solutions. Founded and operating in San Jose, California, Supermicro is committed to delivering first-to-market innovation for Enterprise, Cloud, AI, and 5G Telco/Edge IT Infrastructure. We are a Total IT Solutions provider with server, AI, storage, IoT, switch systems, software, and support services. Supermicro’s motherboard, power, and chassis design expertise further enables our development and production, enabling next-generation innovation from cloud to edge for our global customers. Our products are designed and manufactured in-house (in the US, Taiwan, and the Netherlands), leveraging global operations for scale and efficiency and optimized to improve TCO and reduce environmental impact (Green Computing). The award-winning portfolio of Server Building Block Solutions® allows customers to optimize for their exact workload and application by selecting from a broad family of systems built from our flexible and reusable building blocks that support a comprehensive set of form factors, processors, memory, GPUs, storage, networking, power, and cooling solutions (air-conditioned, free air cooling or liquid cooling).

Supermicro, Server Building Block Solutions, and We Keep IT Green are trademarks and/or registered trademarks of Super Micro Computer, Inc.

All other brands, names, and trademarks are the property of their respective owners.

View original content to download multimedia:https://www.prnewswire.co.uk/news-releases/supermicro-introduces-the-nvidia-vera-cpu-rack-a-256-cpu-100-liquid-cooled-rack-scale-solution-complementing-the-nvidia-vera-rubin-platform-for-agentic-ai-at-scale-302916342.html

CGTN launches News Pal, an AI-powered news companion

BEIJING, Oct. 22, 2026 /PRNewswire/ — CGTN has launched News Pal, an AI-powered news companion that aggregates and summarizes coverage about China and the world with speed and clarity.

The web-based service, which went live on October, turns real-time reporting from a range of media outlets into concise, insightful briefings, giving readers a clearer, more focused view of current events.

Its summarization feature draws on multiple reports – sometimes dozens – on the same topic, distilling the key points and cutting out repetition to create a clear and thorough digest. This helps users quickly get up to speed on a developing story while also seeing how it’s covered from different perspectives.

News Pal’s chat feature, meanwhile, lets people ask follow-up questions. The system searches available articles, identifies relevant reports and grounds its answers in that content rather than relying solely on a large language model’s internal knowledge. Users can also follow links to the original reports to verify the details.

CGTN has been expanding its use of AI to enhance its news services, from script translation and audio news generation to personalized recommendations and daily briefings. News Pal marks a new step in its use of AI to help audiences worldwide become better informed more easily.

View original content to download multimedia:https://www.prnewswire.co.uk/news-releases/cgtn-launches-news-pal-an-ai-powered-news-companion-302916534.html

Kuwait-Flagged Tanker Hit by Unknown Projectile in Strait of Hormuz; 21 Indian Seafarers Safe

New Delhi, Oct 22: A Kuwait-flagged oil product tanker carrying 21 Indian seafarers was struck by an unidentified projectile while sailing through the strategically important Strait of Hormuz on Wednesday, October 21. All crew members aboard the vessel have been reported safe, Union Minister for Ports, Shipping and Waterways Sarbananda Sonowal confirmed.

 Representational Image 

The vessel, M/T Al Dasma, came under attack while transiting the busy maritime corridor, raising fresh concerns over the safety of commercial shipping in the Gulf region amid escalating regional tensions.

In a statement shared on social media platform X, Sonowal said all 21 Indian crew members, along with the remaining crew aboard the tanker, were safe. He added that the government was closely monitoring developments and maintaining contact with the ship’s management company to ensure the continued safety and well-being of the seafarers.

According to the United Kingdom Maritime Trade Operations (UKMTO), the incident was reported approximately 11 nautical miles west of Bukha, Oman.

A report by Times Kuwait said the impact triggered a fire aboard the tanker, which was subsequently brought under control. The vessel reportedly remained stationary following the incident, while all crew members were accounted for and safe.

The circumstances surrounding the strike, including the origin of the projectile, were not immediately established.

Second Tanker Incident Involving Indian Seafarers

The latest incident follows another attack on a commercial tanker in the Strait of Hormuz earlier this month. On October 16, the crude oil tanker MT ST 3, carrying 15 Indian seafarers, was reportedly struck by a projectile in the same waterway.

Indian authorities subsequently confirmed that all Indian nationals aboard that vessel were safe and that no casualties had been reported.

The two incidents have heightened concerns about the risks faced by Indian seafarers working aboard commercial vessels navigating one of the world’s most strategically significant shipping routes.

Concerns Over Maritime Security

The Strait of Hormuz is a critical passage for international energy supplies, connecting the Persian Gulf with the Gulf of Oman and the wider Arabian Sea. Disruptions to shipping in the region can have implications for global oil transportation, energy markets and international trade.

India has consistently called for the protection of merchant vessels and seafarers, stressing that attacks on commercial shipping undermine maritime security and freedom of navigation.

New Delhi has maintained that attacks on commercial vessels and merchant mariners are legally and morally indefensible, while emphasising the importance of ensuring the safe and uninterrupted movement of maritime commerce through international waterways.

With the latest incident involving M/T Al Dasma, authorities continue to monitor the evolving security situation and coordinate with the vessel’s management to safeguard the crew.

Although all seafarers aboard the tanker have been reported safe, the incident underscores the continuing security challenges confronting commercial shipping in the Gulf region.

Centre Tells TV Channels to Tighten Editorial Checks, Curb Sensationalism and AI Misuse

New Delhi, Oct 22: The Ministry of Information and Broadcasting (MIB) has issued a fresh advisory asking private satellite television channels to strictly follow the Programme Code, amid concerns over sensational coverage, graphic visuals, inflammatory debates and the growing use of artificial intelligence in news production. The advisory was circulated on October 21, 2026.

 Representational Image 

The ministry said the advisory follows observations by the Inter-Departmental Committee (IDC) that telecasts on several channels did not conform to the spirit of the Programme Code under Rule 6 of the Cable Television Networks Rules, 1994. It warned that violations could invite action under the Cable Television Networks (Regulation) Act, 1995, and rules framed under it.

The Ministry of Information and Broadcasting has directed all private satellite TV channels to adhere strictly to the Programme Code under the Cable Television Networks Act. The advisory stresses responsible coverage of sensitive issues, including crime, disasters and debates, and warns of strict action against violations.

— Ministry of Information and Broadcasting (@MIB_India) October 21, 2026

Eight-point compliance advisory

The advisory lays out eight broad areas of compliance for broadcasters:

Anti-terror operations: Live coverage of security-force operations remains prohibited under Rule 6(1)(p). Channels should rely on periodic briefings by authorised officers until an operation ends, and time-stamp visuals where necessary to avoid creating a false impression of live coverage.

Violent and disturbing visuals: Channels must exercise editorial discretion, avoid excessive repetition or looping of distressing footage, and blur or mask visuals wherever warranted.

Crime reporting: Reporting should be fact-checked, balanced and responsible, without glorifying or normalising unlawful or socially undesirable behaviour.

Victim protection: Broadcasters must protect the identity of victims of sexual offences, including indirect details, photographs or family information that could identify them.

Disasters and accidents: Coverage of natural calamities, disasters and major accidents should be based on verified facts, with time-stamped visuals used to prevent unnecessary panic.

Maps of India: Channels have been asked to use only authentic maps published by the Survey of India in telecasts, graphics and digital representations.

Debates and communal harmony: Live panel discussions must not promote communal or anti-national attitudes; broadcasters should screen and sensitise participants and use corrective tools such as muting, disclaimers, interruption or discontinuation when needed.

Artificial intelligence: AI and generative AI may be used only in an assistive role, without compromising the accuracy, authenticity or sensitivity of news content.

Focus on AI in newsrooms

A notable addition is the ministry’s caution on AI-generated graphics, virtual news presentations and other AI-assisted programming. The advisory does not ban the technology outright but says it must not replace editorial judgment or weaken verification standards.

The ministry also asked broadcasters to strengthen internal content-review mechanisms and sensitise staff involved in news gathering, editing, production, transmission and telecast. It encouraged regular workshops and training sessions to ensure continued compliance.

Earlier warnings repeated

This is not the first time the Centre has flagged these issues. The MIB had earlier issued advisories on June 12, 2024, and April 26, 2025, reiterating restrictions on live coverage of anti-terror operations and responsible broadcast practices.

The latest advisory signals that the government expects channels to treat the Programme Code as an operational standard—not merely a legal formality—particularly in high-traction formats such as breaking-news coverage, crime reporting, disaster visuals and prime-time debates.

IIFL Capital’s Maiden Late-Stage Private Equity Fund Announces First Close at ~ ₹500 Crore

• IIFL Capital’s Late-Stage Private Equity Fund targets a final close in excess of ₹1,000 crore within nine months from First Close
• Two transactions have already been committed with a pipeline of seven to eight deals under evaluation

MUMBAI, India, Oct. 22, 2026 /PRNewswire/ — IIFL Capital Asset Management Limited, the Asset Management arm of IIFL Capital, today announced that the IIFL Late-Stage Private Equity Fund, the maiden fund of its private equity platform, achieved its first close on 15 September 2026 with aggregate capital commitments of ~ ₹500 crore. The Fund invests in scaled-up, profitable Indian enterprises that are preparing to list on the public markets in the near term.

The Fund is targeting a total corpus of ₹1,000 crore, with a greenshoe option of additional ₹1,000 crore. It will remain open for subscription after the first close and aims to reach its final close within the next nine months. A larger corpus allows the Fund to back high-quality companies operating on a scale, in line with its late-stage, pre-IPO strategy.

The Fund is also evaluating a robust pipeline of opportunities, ranging from term sheet negotiations to transactions under diligence. The pipeline is diversified across integrated security-as-a-service, railway and wind energy components, specialty chemicals, defence equipment, IT-enabled services, pre-engineered buildings and consumer technology.

The Fund follows a clear mandate focused on scaled businesses nearing a public listing. The fund looks at sectors that envisage growth rate of 15%-18% per annum. The investee company should be amongst the top three-five players in its category, should have an EBITDA of at least ₹75-100 crore at investment with the intention to pursue IPO within three years. The average deal size is expected to be ₹50-100 crore per transaction.

Commenting on the milestone, Mr. Deepak Mittal, Chief Investment Officer and Head – Private Equity, IIFL Capital Asset Management Limited, said: “The first close marks the point at which this Fund moves from being a proposition to being a portfolio. We are grateful to our investors for their confidence in a volatile global environment. With two high-quality transactions already committed and a live pipeline of seven to eight opportunities, we believe IIFL’s capabilities give us a distinct advantage in backing scaled enterprises on their journey to the public markets.”

The first close comes in the backdrop of India’s primary market revival. After a subdued April-June quarter, July and August 2026 together saw 35 mainboard IPOs, and foreign portfolio investors returned as net buyers, including through IPOs. Real GDP grew 7.8% in Q1 FY27, with gross fixed capital formation up 11.9%, supporting the sectors the Fund is targeting.

About IIFL Capital Asset Management Limited

IIFL Capital Asset Management Limited (formerly IIFL Securities Alternate Asset Management Limited) is the Investment Manager for Alternative Investment Funds sponsored by IIFL Capital Services Limited. It is registered with SEBI as an Alternative Investment Fund manager (IN/AIF3/19-20/0770, IN/AIF2/21-22/088), Investment Adviser (INA000019956) and Portfolio Manager (INP000009445). Registered office: Ground Floor 01, Hubtown Solaris, Saiwadi, N S Phadke Road, Andheri East, Mumbai 400069. Website: assetmanagement.iiflcapital.com

About IIFL Capital Services Ltd

IIFL Capital Services Ltd (formerly known as IIFL Securities Limited) (NSE: IIFLCAPS) (BSE: 542773) is one of the key capital market players in the Indian financial services space. IIFL Capital offers broking services, wealth management, financial products distribution, institutional broking, research and investment banking services.

Disclaimer: This press release is for information purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any units of the IIFL Late-Stage Private Equity Fund or any securities. Investments in alternative investment funds are subject to market and other risks, including loss of capital. Investors should read the Private Placement Memorandum, including the risk factors, before investing. Registration granted by SEBI, enlistment with BSE, and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors. Past performance of securities/instruments is not indicative of their future performance.

View original content to download multimedia:https://www.prnewswire.com/in/news-releases/iifl-capitals-maiden-late-stage-private-equity-fund-announces-first-close-at–500-crore-302915550.html