Srei Infrastructure Finance (Srei) has consolidated 100% shareholding in Srei Equipment Finance (SEFL). This follows the closing of the acquisition of 5% equity in Srei Infrastructure Finance by BNP Paribas Lease Group announced on December 29, 2015.This will add substantial value to Srei's shareholders and will enable them to reap 100% benefit of the equipment finance business.
The consolidation of the equipment financing business will expand Srei's consolidated net worth to about Rs 4,800 crore, further paving the way for multi-fold growth in business, revenue and profits. Srei will also benefit from having BNP Paribas Lease Group as a shareholder.
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.
