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SAMANA Launches Alternate Investment Fund (AIF) -SGF 2020-Scheme 1

In Business
December 18, 2018

MUMBAI:
Samana Global Fund (SGF 2020-Scheme 1) was successfully launched today in a special function at Bombay Stock Exchange (BSE) Mumbai.

Guest of Honour Ashish Kumar Chauhan, MD & CEO of Bombay Stock Exchange (BSE) and OMA Rashid, Chairman & MD of Samana Global Business Solutions jointly launched the Fund with the traditional Bell Ringing at BSE in the auspicious presence of Ambarish Datta, MD & CEO, BSE Institute Ltd., Sajith Kumar P K, MD & CEO IBMC Financial Professionals Group, Neeraj Aggarwal, Director, VISTR ITCL (India) Ltd. Trustee to the Fund, Sabith Koramba, Group ED of Samana Global Business Solutions Ltd and Anoop P S, Investment Manager, IBMC Investment Managers & Advisors LLP.

The international announcement will be held on 19 th December 2018 at Emirates Palace, Abu Dhabi, during IBMC’s concluding programme of 10 months long UAE-INDIA Business Fest 2018 conducted across UAE. Sheikh Khalid Bin Ahmed Al Hamed, Chairman of IBMC UAE will be the Chief Guest for the Samana Global Fund international announcement. Samana Global Fund (SGF 2020) is also having the plan to set feeder fund at Abu Dhabi Global Market (ADGM) for international mobilization plans for India projects.

Samana Global Fund (SGF -2020) AIF Category II application got approval from Securities and Exchange Board of India (SEBI) under Alternate Investment Fund (AIF) Category II focusing to mobilize 4000CR Indian Rupees through his first Scheme investing into major seven verticals including Hospitality, Healthcare, Live Farm, Academy, Land Bank, Retail and Information Technology (IT).

Samana Global Business Solutions Limited is the sponsor of Samana Global Fund(SGF 2020), IBMC investment Managers & Advisors LLP is the Investment Manager and Vistra ITCL (India) Limited is the Trustee of the Fund
“As a sponsor, Samana Business Group has proven credentials in diversified business areas of hospitality, healthcare, real estate and in new generation businesses of Information technology and urban horticulture with over a decade of experience in India and abroad. Our credentials will significantly benefit the fund in deriving maximum returns and in assuring improved investor confidence. With India emerging as the fastest growing economy, there is huge growth potential in the areas of identified business verticals and the scheme 1 of SGF2020 getting launched today is expected to leverage this enormous potential” said OMA Rasheed ,Chairman & Managing Director, SAMANA Global Business Group.

“IBMC as an independent Investment Managers to the Fund will give more confidence level to the domestic and global investors to invest into India focused SGF 2020 under the strict regulations and transparent system set by SEBI, the Government of India Regulator. SGF 2020 is a well- diversified fund focusing investments in major seven verticals for the developments of India, including Hospitality, Healthcare, Live Farm, Academy, Land Bank, Retail and Information Technology (IT). This will be a good investment opportunity for domestic investors and up on setting the feeder fund at Abu Dhabi Global Markets, the doors of investment will be open for global investors as well, said Sajith Kumar P K, CEO & Partner of IBMC Investment Managers and Advisors LLP.