SREI Infrastructure Finance (SREI) has received an approval for public Issue of Redeemable, Non-Convertible Debentures (NCDs) aggregating up to Rs 5,000 crore in one or more tranches during the Financial Year 2018-19. The Board of Directors of the company at their meeting held on January 17, 2018, approved the same.
The Board also approved issue of Redeemable, Non-Convertible Debentures (including Bonds) aggregating up to Rs 5,000 crore outstanding at any point of time during the Financial Year 2018-19 on private placement basis in one or more tranches and issue of Commercial Papers worth Rs 10,000 crore outstanding at any point of time during the Financial Year 2018-19 on private placement basis.
SREI lends for financing infrastructure projects across sectors such as roads, ports, mining and power as well as purchase of infrastructure equipment.
