SEBI: Standstill agreements are not permitted between mutual funds and borrowers
Sep 27 2019
News Category: Regulatory Updates
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According to media reports, Securities and Exchange Board of India (SEBI)’s chairperson reaffirmed that standstill agreements are not permitted between mutual funds and borrowers. This came in a day after Essel Group expressed that certain funds have acceded to further push back the deadline for the repayment of its debt obligation. The SEBI chairperson asserted that such fresh extensions does not have regulatory approval.

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