Greatvalue Capital stated it had been granted licence by the Securities and Exchange Board of India (SEBI) to operate and handle a ₹1,500-crore distressed asset various funding fund (AIF).
The distressed asset AIF will concentrate on buying and managing distressed property akin to non-performing loans, distressed actual property, and distressed companies.
Manoj Agarwal, CMD, Greatvalue Group stated, “India’s distressed asset market presents a significant opportunity for investors who have the expertise to navigate this complex space. With the Indian economy continuing to grow, we believe that there will be attractive investment opportunities in distressed assets, particularly in sectors such as real estate, infrastructure, and financial services.”
“The current market conditions in India present tremendous opportunities for investors looking to acquire distressed assets. With the SEBI AIF licence in place, Greatvalue group is well-positioned to capitalise on these opportunities and generate alpha for their clients,” stated Manick Wadhwa, Director Strategy, SKI Capital.
