Framework for the process of accreditation of investors for the purpose of Innovators Growth Platform

Accredited Investors (AIs) for the limited purpose of Innovators Growth Platform (“IGP”) are investors whose holding in the issuer company, is eligible for the computation of at least 25% of the pre-issue capital in accordance with Regulation 283.(1) of the SEBI (Issue of Capital & Disclosure Requirements) Regulations, 2018 (“ICDR Regulations”). Accordingly, SEBI vide circular dated May 22, 2019, issued a framework for process of accreditation of investors for IGP. The framework for 'Accredited Investors’ was introduced to recognize the class of investors who are considered to be well-informed or well-advised about investment products. This framework grants Accredited Investors (AIs) potential advantages such as reduced minimum investment requirements ("lower ticket size") or exemptions from specific regulatory obligations pertaining to investment products, contingent upon meeting prescribed criteria. With the adoption of the accredited investors (AIs) framework, Alternative Investment Funds (AIFs) are anticipated to experience growth and make increased contributions to India's economic advancement.