SREI Infrastructure Finance is eyeing to raise funds to the tune of Rs 17,500 crore through issuances of securities, including bonds and commercial papers, next financial year. The board of directors of the company will meet on February 11 to approve the issuance of security. As per the proposal, the company will raise money through public issue of secured redeemable non-convertible debentures (NCDs) aggregating up to Rs 2,500 crore in one or more tranches during 2016-17.
The company has also proposed to issue secured and/or unsecured redeemable non-convertible debentures (including Bonds) aggregating up to Rs 10,000 crore outstanding at any point of time during 2016-17 on private placement basis.
Further, the proposal also provides for issuance of commercial papers aggregating up to Rs 5,000 crore outstanding at any point of time during 2016-17 on private placement basis.
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.
| Company Name | CMP |
|---|---|
| Bajaj Finance | 972.55 |
| Shriram Finance | 1015.40 |
| Aditya Birla Capital | 368.90 |
| Chola Invest & Fin. | 1689.15 |
| Tata Capital | 325.90 |
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