SEBI relaxes rules for infrastructure debt funds

India Infoline News Service | Mumbai |

The objective is to bring in long-term capital to finance the country's highways, toll roads and bridges.

SEBI (Securities and Exchange Board of India) on Friday relaxed fundraising rules on Friday for infrastructure debt mutual funds.

The objective is to bring in long-term capital to finance the country's highways, toll roads and bridges.

SEBI said it would allow foreign feeder funds that get at least 20 percent of their managed assets from long-term investors such as sovereign wealth funds and pension funds to qualify as "strategic investors".
 

Advertisements

  • Save upto Rs.2.67 lakh with Pradhan Mantri Awas Yojana ...Know more
  • Now Save Rs.3150 on your Demat Account ...Click here
  • Now get IIFL Personal Loan in just 8* hours...APPLY NOW!
  • Get the most detailed result analysis on the web - Real Fast!
  • Actionable & Award-Winning Research on 500 Listed Indian Companies.