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Srei Infrastructure plans to raise Rs 1,200 crore via stake sale in BRNL

18 May 2016 Evaluate

Srei Infrastructure Finance is looking to raise Rs 750-1,200 crore by diluting stake in Bharat Road Network (BRNL), as part of the lender’s strategic investment portfolio. The company is looking to dilute between 25 and 30 percent stake in BRNL.

The company would look at options like initial public offering, private equity investment and infrastructure investment trusts for stake dilution. Srei manages road projects, through BRNL, mostly under the BOT (build-operate-transfer) model. So far, it has executed 14 road projects, translating close to 5,400 lane km of road projects.

SREI Infrastructure Finance is a leading infrastructure financing conglomerate in India. The company provides leasing and hires purchase of infrastructure, construction equipment and machinery to various construction companies and SMEs engaged in civil and mechanical construction.

SREI Infra Fin Share Price

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