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JM Financial Services to use AIFs to grow distressed asset business

AIFs are Sebi-registered entities to make investment on behalf of sophisticated investors.

Topics
JM Financial | AIF | distressed assets

Abhijit Lele  |  Mumbai 



Illustration by Binay Sinha
Illustration by Binay Sinha

Services group is tweaking its strategy to grow distressed asset business. It will increasingly use alternate investment fund (AIF) to expand this business while putting less emphasis on asset reconstruction company (ARC) route.

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First Published: Mon, December 07 2020. 00:07 IST

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