New Delhi: The Safety & Trade Board of India (SEBI) has granted licence to Greatvalue Capital for working & managing Rs 1,500 crore distressed asset different funding Fund (AIF).
The AIF will work in the direction of buying & managing vary of distressed belongings together with the non-performing loans, distressed actual property & actuality companies.
Greatvalue Capital has a confirmed observe document of figuring out, buying distressed belongings and redrawing its development chart by making the companies worthwhile. Because the belongings flip into inexperienced, it permits buyers to generate good returns. With a whopping Rs 1,500 crore fund quantity, Greatvalue can have sufficient assets to pursue enticing funding alternatives.
Greatvalue Group CMD Manoj Agarwal says that India’s rising financial system has big potential for funding alternatives in distressed sectors and with time, they may reap returns.
“India’s distressed asset market presents a big alternative for buyers who’ve the experience to navigate this complicated area. With the Indian financial system persevering with to develop, we imagine that there will probably be enticing funding alternatives in distressed belongings, notably in sectors equivalent to actual property, infrastructure, and monetary companies,” stated Manoj Agarwal.