SREI Infrastructure Finance’s wholly owned subsidiary - Srei Equipment Finance (SEFL) has received an approval for Initial Public Offering (IPO) of its equity shares by way of issue of fresh equity shares up to Rs 2,000 crore. The board of directors of SEFL at its meeting held on October 25, 2017 has approved for the same.
The above is however subject to approval of its shareholders, marketing conditions and receipt of requisite approvals from statutory and other authorities.
SREI Infrastructure Finance (SREI) lends for financing infrastructure projects across sectors such as roads, ports, mining and power as well as purchase of infrastructure equipment.
