Axis AMC launches Rs 3,500-cr distressed fund in tie-up with Akhil Gupta's Inversion
The fund house claimed that the partnership is the first of its kind between an equity fund manager and the operational & turnaround specialist Inversion Advisory Services, promoted by telecom veteran Akhil Gupta of the Bharti group.
The Rs 3,500-crore fund, including a Rs 500-crore greenshoe option, will be launched after getting the necessary Sebi approval, the fund house said.