Ajay Tyagi, chairman of the Securities and Exchange Board of India (Sebi), on Thursday said India’s asset management companies (AMCs) cannot resort to any kind of standstill agreement with borrowers.
“There cannot be any standstill agreement between mutual funds and their borrowers. All entities need to follow the (mutual fund) regulations," Tyagi said on the sidelines of an annual capital market summit organized by industry body, the Federation of Indian Chambers of Commerce and Industry (Ficci).
