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Two Edelweiss entities have settled with market regulator Sebi a case of alleged violation of alternative investment fund rules after collectively paying Rs 61.4 lakh towards settlement charges.

Apart from the settlement amount, Edelweiss Stressed and Troubled Assets Revival Fund Trust and Edelweiss Alternative Asset Advisors Ltd were directed by Sebi that the officers-in-default will not engage with the company for 12 months.

'...the instant adjudication proceedings initiated against the noticees, Edelweiss Stressed and Troubled Assets Revival Fund Trust and Edelweiss Alternative Asset Advisors Ltd, vide show cause notice dated July 12, 2024, are hereby disposed of,' Sebi's adjudicating officer Sudeep Mishr

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