Current Affairs - Miscellaneous - Discussion

SEBI (Securities and Exchange Board of India) approved an 'airport' specific fund. The name of the fund is 'Taking Off To the Future Airport Fund'. It can raise a capital amounting to 1.5$bn (Rs. 10,000 crores). The 'Sponsor and Investment Manager' of the fund is based in Chennai and is termed as 'Taking Off To The Future Investment Management LLP'. Gigi George leads the management and operation of 'Sponsor and Investment Manager' A minimum capital contribution of Rs. 3500 crore and a maximum of Rs. 7000 crore is targeted by the fund.