 "Sebi directs mutual funds to report restructuring requests to raters")
The Securities and Exchange Board of India (Sebi) on Thursday directed mutual funds (MFs) to report immediately to rating agencies any proposal they receive from lenders or debenture trustees (DTs) for restructuring of debt due to Covid-related stress.
DTs have been directed to communicate immediately to investors any restructuring proposal. “If the valuation agency, based on its assessment of the proposal, is of the view that the proposed restructuring is solely due to fallout of the pandemic then the valuation agency may not consider the restructuring,” the regulator said.
DTs have been directed to communicate immediately to investors any restructuring proposal. “If the valuation agency, based on its assessment of the proposal, is of the view that the proposed restructuring is solely due to fallout of the pandemic then the valuation agency may not consider the restructuring,” the regulator said.
One subscription. Two world-class reads.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%