Business Standard

Taurus MF to approach Sebi on BILT default

The fund house suspends fresh subscription in the affected schemes

BILT to sell its Malaysia arm for $500 mn
Premium

BS Reporter Mumbai
The fund house, the latest to have taken a massive valuation hit in its debt schemes, plans to propose possible measures to the regulator, in order to safeguard the interests of its existing unit holders.Taurus Mutual Fund, one of the smallest fund houses in the country, plans to approach the Securities and Exchange Board of India (Sebi) after one of its investments -- Ballarpur Industries (BILT) -- failed to honour the maturity obligation last week.
In a statement, Taurus said, "It is committed to initiating all steps in this regard to ensure that any recovery from BILT will be shared with

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Feb 28 2017 | 12:53 AM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com