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SREI Infra gains on co-promoted co’s plans of raising upto Rs 500 crore via NCDs

09 Apr 2015 Evaluate

SREI Infrastructure Finance is currently trading at Rs. 45.95, up by 0.15 points or 0.33 % from its previous closing of Rs. 45.80 on the BSE.

The scrip opened at Rs. 46.50 and has touched a high and low of Rs. 47.25 and Rs. 45.60 respectively. So far 40463 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 57.55 on 03-Jul-2014 and a 52 week low of Rs. 27.00 on 09-Apr-2014.

Last one week high and low of the scrip stood at Rs. 48.00 and Rs. 43.50 respectively. The current market cap of the company is Rs. 2314.20 crore.

The promoters holding in the company stood at 53.75 % while Institutions and Non-Institutions held 12.51 % and 33.74 % respectively.

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 Infra Fin Share Price

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