Who are qualified institutional buyers in India?

Qualified Institutional Buyers (QIBs) are large financial organizations that invest money on behalf of their clients. QIBs in India include:

• Mutual funds, venture capital funds, alternative investment funds, and foreign venture capital investors.
• Scheduled Commercial bank.
• Insurance companies.
• Provident Fund, a pension fund with a minimum corpus of Rs 25 crores.
• Public Financial Institutions.

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