SREI Infrastructure Finance has decided to sell 4,386,765 equity shares of Srei Equipment Finance (SEFL) be offered to public in the proposed offer as part of Offer for Sale (OFS). The company has communicated this decision to the Board of Directors of SEFL.
Recently, SEFL had 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 had approved for the same.
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.
