Chennai, Feb 23 (IANS) The Rs.2,000 crore India Vision Fund launched by Seri Alternative Investment Managers Ltd (SAIML) will invest in companies that are turnaround candidates, the company said on Tuesday.
In a statement, SAIML said the India Vision Fund launched on Tuesday will invest in debt/mezzanine instruments of companies having future opportunities.
“India Vision Fund will primarily concentrate on those companies which can be revived through proper nursing. The fund will purchase assets/loans and invest by way of debt and other instruments, which will be taken over from corporates, banks, NBFCs, or even Asset Reconstruction Companies (ARCs),” it said in the statement.
The fund has already initiated talks with corporates and banks, and is specifically looking at those opportunities where resurrection is possible, the company said.