Srei Equipment Finance, jointly promoted by Srei Infrastructure Finance and BNP Paribas Lease Group, is planning to raise up to Rs 500 crore by issuing non-convertible debentures (NCDs). The company is proposing a public issue of secured, redeemable NCDs of face value of Rs 1,000 each amounting up to Rs 250 crore, with an option to retain over-subscription aggregating up to Rs 500 crore.
The money raised through the issue will be used to fund the company’s growth plans for infrastructure equipment financing.
Srei Infrastructure Finance’s businesses include infrastructure equipment leasing and finance, infrastructure project finance, advisory and development, insurance broking, venture capital, capital market and Sahaj e -Village.
SREI Infrastructure Finance is currently trading at Rs. 46.00, up by 0.20 points or 0.44 % from its previous closing of Rs. 45.80 on the BSE.
The money raised through the issue will be used to fund the company’s growth plans for infrastructure equipment financing.
Srei Infrastructure Finance’s businesses include infrastructure equipment leasing and finance, infrastructure project finance, advisory and development, insurance broking, venture capital, capital market and Sahaj e -Village.
SREI Infrastructure Finance is currently trading at Rs. 46.00, up by 0.20 points or 0.44 % from its previous closing of Rs. 45.80 on the BSE.
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