Singapore based First Degree to buy Essel para banks
The asset manager is likely to buy 100 percent equity in Essel Finance Business Loans Ltd and Essel Finance Home Loans Ltd. The deals are likely valued at Rs 150 crore.
Apollo Hospitals seeks investor, asset sales to cut debt
The aim is to reduce the Apollo shares pledged by the family as collateral to lender...
NBFCs faced severe liquidity crunch after mutual funds stopped refinancing loans: Economic Survey
The survey points out that NBFCs depend lar...
Currently, retail debt mutual fund investors are at a disadvantage
An equity investor or shareholder knows that he may lose money, debt investors invest thinking that they will get the money back along with interest.
Sebi tightens regulations for troubled debt mutual funds
Sebi also expressed its disapproval of the so-called standstill agreement that mutual funds have reached with the indebted Essel Group.
HDFC Mutual Fund to buy Rs 500-cr NCDs of Essel Group from its debt schemes
In May, Sebi had issued separate show cause notices to HDFC Mutual Fund and Kotak Mutual Fund seeking details of the terms of their investments in Essel Group’s debt securities.
Promoters may find it hard to raise funds by pledging shares
Sebi asks MFs to collect shares worth four times the investment as collateral.
Do Sebi’s fresh norms make debt funds safer bet than before?
The 43-player Indian mutual fund industry has been going through tough times.
Sebi says MF-promoter pacts do not hold, tightens rules to protect debt fund investors
Tyagi said mutual funds are not banks, as their main activity is investing, and not lending.
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