Mutual Fund (MF) houses can now join hands with banks to rejig exposure and throw lifeline to stressed corporates --- albeit with a few conditions.
In the past five years mutual funds have bank rolled several corporates by subscribing to debt instruments like debentures, extended short term finance by investing in commercial papers issued by companies as well as financed holding companies of business houses directly controlled by promoters.
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Nine big financial changes that you must watch out for in October
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