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.
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