Premji Invest has received an in-principle approval to set up a so-called family investment fund  FIF  at Gujarat International Finance  Tec- City  GIFT City , according to people familiar with the matter. Premji Invest and billionaire Narayana Murthy-backed Catamaran Ventures were among the first to seek approvals, according to the people. Representatives for International Financial Services Centres Authority, which governs GIFT City, didn t respond to requests for comment while a spokesman for Premji Invest declined to comment.
Premji Invest has received approval to establish a family investment fund at GIFT City, joining Catamaran Ventures in seeking such approvals.