Sebi directs mutual funds to report restructuring requests to raters

Debenture trustees have been directed to communicate immediately to investors any restructuring proposal

Topics
Sebi | Mutual Funds

BS Reporter 

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.

.

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Fri, October 02 2020. 01:03 IST

read the full story about Sebi directs mutual funds to report restructuring requests to raters

#theheadlines #breakingnews #headlinenews #newstoday #latestnews #aajtak #ndtv #timesofindia #indiannews