SREI Infrastructure Finance has decided to augment the capital of both its infrastructure finance and equipment finance businesses. The increased capital will facilitate the businesses in maintaining and strengthening their current leadership positions further.
The move will result in listing of the company's equipment finance business through a composite scheme of arrangement and amalgamation and give shareholders of SREI an opportunity to directly participate in the high growth equipment finance sector.
The board of directors of the company at a meeting held on January 21, 2019 approved the scheme.
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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