 "Street signs: MFs worried about IL&FS, AMCs hit by new changes, and more")
MFs worried about IL&FS
With IL&FS group companies continuing to default on payments, fund managers are worried about the state of the debt market. So much so that Aditya Birla Sun Life Mutual Fund (MF) CEO A Balasubramanian took to Twitter on Friday evening seeking help from the government. “This move of IL&FS is putting the well ring-fenced structure under bigger risk; potentially putting infrastructure asset refinancing at a bigger risk; your intervention is necessary,” tweeted Balasubramanian. IL&FS and its group companies have not been able to service their debt for a few months.
Curbing
With IL&FS group companies continuing to default on payments, fund managers are worried about the state of the debt market. So much so that Aditya Birla Sun Life Mutual Fund (MF) CEO A Balasubramanian took to Twitter on Friday evening seeking help from the government. “This move of IL&FS is putting the well ring-fenced structure under bigger risk; potentially putting infrastructure asset refinancing at a bigger risk; your intervention is necessary,” tweeted Balasubramanian. IL&FS and its group companies have not been able to service their debt for a few months.
Joydeep Ghosh
Curbing
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