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SREI Infrastructure soars on planning to sell 43.86 lakh shares of SEFL through OFS

28 Nov 2017 Evaluate

SREI Infrastructure Finance is currently trading at Rs. 109.95, up by 2.65 points or 2.47% from its previous closing of Rs. 107.30 on the BSE.

The scrip opened at Rs. 108.05 and has touched a high and low of Rs. 112.35 and Rs. 108.00 respectively. So far 226490 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 137.70 on 21-Jul-2017 and a 52 week low of Rs. 70.30 on 27-Dec-2016.

Last one week high and low of the scrip stood at Rs. 112.35 and Rs. 99.40 respectively. The current market cap of the company is Rs. 5528.92 crore.

The promoters holding in the company stood at 60.80%, while institutions and non-institutions held 24.96% and 14.24% respectively.

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.

SREI Infra Fin Share Price

2.07 0.00 (0.00%)
11-Aug-2023 18:01 View Price Chart
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