Mumbai: Infrastructure finance company SREI Infrastructure Monday said it has got in-principle approval from the Securities and Exchange Board of India (SEBI) to launch a mutual fund.
“Pursuant to an in-principle approval received by the company from the SEBI for setting up a mutual fund, the board has decided to incorporate two wholly-owned subsidiary companies for carrying out the activities of asset or fund management and trusteeship services,” the company said in a regulatory statement.
