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SREI Infrastructure Finance’s arm planning to sell stake in step down subsidiary

24 Aug 2018 Evaluate

SREI Infrastructure Finance’s subsidiary is planning to sell its stake in its step down subsidiary. The company’s subsidiary Quippo Oil & Gas Infrastructure proposed to sell 2,600 equity shares, constituting 26 percent shareholding in its step down subsidiary Quippo Drilling International to an overseas entity.

SREI Infrastructure Finance lends for financing infrastructure projects across sectors such as roads, ports, mining and power as well as purchase of infrastructure equipment.

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