Srei Alternative Investment Managers Ltd, the fund management arm of Srei Infrastructure Finance, has launched a Rs 2,000-crore India Vision Fund targeting stressed assets.
Srei Alternative Investment Managers Ltd, the fund management arm of Srei Infrastructure Finance, has launched a Rs 2,000-crore India Vision Fund targeting stressed assets.
The fund will be used to invest in debt or mezzanine instruments of firms having future opportunities, it said.
“India Vision Fund will primarily concentrate on those companies which can be revived through proper nursing.
The Fund will purchase assets/loans and invest by way of debt and other instruments, which will be taken over from corporates, banks, NBFCs, or even Asset Reconstruction Companies (ARCs),” the company said.
The Fund has already initiated talks with corporates and banks, and is specifically looking at those opportunities where resurrection is possible, it said.
