Markets regulator Sebi is planning to carve out a separate category in Alternative Investment Funds (AIF) whereby such entities can purchase distressed loans from banks and NBFCs.Pointing out the growing number of AIFs, Sebi Chairperson Ajay Tyagi said on Thursday that the last financial year saw 90 new AIFs getting registered with the regulator under different categories, taking the total number to more than 700.Moreover, the cumulative investments by AIFs increased from around Rs 1.5 lakh crore to around Rs 2 lakh crore, indicating a growth of 33 per cent in a year, he said at the 12th CII Financial Market Summit.With …
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