SEBI pulls up SREI’s AIF with Essar as key LP that lent to its own group cos

An alternative investment fund floated by SREI Alternative Investment Managers Ltd has been penalised by the Securities and Exchange Board of India over multiple technical violations of the AIF norms.SAIML is part of Kanorias’ public listed firm SREI Infrastructure Finance Ltd, which is separately looking to take another group company ......