Investcorp Real Estate Yield Fund and six associated entities have settled with India’s market regulator, Sebi, over breaches of Alternate Investment Funds (AIF) rules, agreeing to pay Rs 25.5 lakh. The violations stemmed from the Fund’s extension of tenure, as assets were not liquidated within the required timelines, exceeding them by over a year. Although the Trustee notified Sebi of the Fund’s winding up in November 2022, disinvestment did not conclude until July 6, 2024. This settlement effectively resolves the case regarding the violations committed by Investcorp and its associates.