Srei Infrastructure on Friday said that it has received the Certificate of Registration from Sebi for its infrastructure debt fund. "We are delighted to receive the approval for mutual fund. Infrastructure Debt Fund (IDF) via the mutual fund route opens up long-term funding options for the infrastructure sector, which is the need of the hour,” Srei Infrastructure Finance CMD Hemant Kanoria said in a statement. The company, however, did not mention the expected date of launch of the fund and the amount 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," said Srei Mutual Fund Asset Management CEO Mohit Sachdev.
Sebi bars 2 entities from securities market for 1 yr
Sebi has barred two entities from the securities market for a year after an investigation into unfair trading in the shares of four companies. As per an order, dated November 15 and released on Friday, Sebi said that Flex Trade and Rashmi Jain are being restrained from buying, selling or otherwise dealing in securities, directly or indirectly, or being associated with the securities market in any manner for a period of one year. However, Sebi said it has discontinued its earlier interim directions restraining Rashmi Jain’s husband, Sudhir Jain, and another entity, Beejay Investment & Financial Consultants, from the securities market in the same
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