Srei Infra gets sebi nod for debt fund
Quotes

Srei Infra gets sebi nod for debt fund

Last Updated: Friday, November 16, 2012, 17:32
 
 Comment 0
 
Srei Infra gets sebi nod for debt fund
New Delhi: Srei Infrastructure on Friday said that it has received the Certificate of Registration from market regulator Sebi for its infrastructure debt fund.

"We are delighted to receive the approval for mutual fund. Infrastructure Debt Fund (IDF) via Mutual fund route opens up long-term funding options for the infrastructure sector, which is the need of hour," Srei Infrastructure Finance Chairman and Managing Director Hemant Kanoria said in a statement.

The company, however, did not mention the expected date of launch of the fund and the funds it is going to raise.

"Institutions, like Pension Funds, Insurance Companies and Provident Funds, which have long-term liabilities require investment opportunities with matching cash flows. IDF via the Mutual Fund route would make a good investment vehicle for these institutions," Srei Mutual Fund Asset Management CEO Mohit Sachdev said.

PTI



First Published: Friday, November 16, 2012, 17:32


Comments


comments powered by Disqus
World`s Top 10 Powerful Women
World`s Top 10 Powerful Women
New Age XUV500
New Age XUV500
Renault Kwid
Renault Kwid
Tata GenX Nano
Tata GenX Nano
2015 Indian Roadmaster
2015 Indian Roadmaster

Web Wrap
Contact Us : Privacy Policy : Legal Disclaimer
Copyright © Zee Media Corporation Ltd. All rights reserved