IVF follows a structured process of screening investment proposals. Under normal circumstances, the process covers a period of 3-6 months, entailing: Initial screening of proposal and      decision to conduct detailed analysis   Detailed study with a preliminary due      diligence; discussions with key      members of management team   Discussion on terms of investment,      including valuation		Issue and execution of term sheet   Detailed financial, legal and technical      due diligence; preparation of legal      documentation   Completion of conditions precedent   Closing The time spent with the company helps IVF to derive comfort as well as builds a foundation for a working relationship for the coming years. It also gives the		company's management confidence in IVF's style of functioning, and an assurance of having a partner who handles issues with thoroughness and integrity. The timelines depend largely on the preparedness of the potential portfolio company to receive the investment and the complexities of the business. IVF leaves no stone unturned to achieve closure in the best possible time and manner not sacrificing on the highest level of diligence, once a decision to invest is made.