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SREI Infrastructure seeks SEBI’s nod to raise Rs 150 crore via NCD

07 Apr 2014 Evaluate

SREI Infrastructure Finance is seeking market regulator Securities and Exchange Board of India’s (SEBI) nod to mop-up around Rs 150 crore through non-convertible debentures (NCDs). The company is planning to garner Rs 75 crore through secured, redeemable NCDs of face value of Rs 1,000 and would have the option to retain over- subscription of up to Rs 75 crore. NCDs are loan-linked securities issued by a company and can't be converted into stocks. They usually carry a higher interest rate than a convertible debenture.

The funds raised through this issue would be used for various financing activities, to repay existing loans and for business operations, including capital expenditure as well as working capital requirements.

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 Infra Fin Share Price

2.07 0.00 (0.00%)
11-Aug-2023 18:01 View Price Chart
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