Srei Infra gets sebi nod for 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.
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