SREI Infrastructure Finance has closed tranche 1 issue of long term infrastructure bonds on March 06, 2012. The issue for the same was opened on December 31, 2011. The company raised these funds to spend on road, power and port projects in the country.
A depreciating rupee against the dollar, weak stock markets and policy issues confronting the infrastructure industry have delayed the company's earlier plans of floating the fund during the current fiscal. In the next fiscal SREI is also planning to launch an infrastructure debt fund through the mutual fund route to address the long-term financing needs of infrastructure projects.
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. The company has been financing in the infrastructure sector for the last 22 years and has a customer base of over 30,000 all over the country.
