SREI Infrastructure Finance’s wholly-owned subsidiary -- SREI Equipment Finance is planning to raise up to Rs 500 crore through secured redeemable Non-Convertible Debentures (NCDs). The tranche I issue is of face value of Rs 1,000 each, amounting up to Rs 100 crore with an option to retain oversubscription up to Rs 400 crore. The NCDs have a credit rating of 'BWR AA' with negative outlook
SREI Infrastructure Finance lends for financing infrastructure projects across sectors such as roads, ports, mining and power as well as purchase of infrastructure equipment.
