French group BNP Paribas has reportedly decided to acquire 5% stake in Srei Infrastructure Finance (SREI) while exiting the unlisted outfit Srei Equipment Finane (SEFL), an equal joint venture with SREI.
BNP Paribas Lease Group, a subsidiary of BNP Paribas group, will sell/transfer its 50 percent holding in SEFL to SREI. The BNP Paribas Lease will sell its holding in SEFL to SREI at a price determined as per the Reserve Bank of India's (RBI) guidelines. The sale consideration will be equal to the total consideration which BNP Paribas Lease will pay for acquiring 5 percent stake in SREI.
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.
