Srei arm launches Rs 2,000 crore India Vision Fund

KOLKATA: Srei Alternative Investment Managers, a Srei venture, on Tuesday launched its Rs 2,000 crore India Vision Fund.

The company's mediastatement states that India Vision Fund will primarily concentrate on companies which can be revived through proper nursing. The fund will purchase stressed assets and/or loans from corporates, banks, non banking finance companies ( NBFCs), or even Asset Reconstruction Companies (ARCs).

The fund, Srei Alternative Investment Managers CIO Nalin Kumar said, will invest in debt cum mezzanine instruments of companies with turnaround potential providing investors an opportunity to earn good returns on their investments.

Elaborating further, Kumar said: "We have approached many investors, both domestic and international, and they have expressed keen interest to invest. Some of them are at an advanced stage of investment." The company has also initiated talks with corporates and banks and is specifically looking at those opportunities where resurrection is possible.

Incidentally, Srei Alternative Investment Managers is the fund management arm of Srei Infrastructure Finance.