SREI Infrastructure Finance’s wholly-owned subsidiary-- SREI Equipment Finance (SEFL) has received investment interest of Rs 2,000 crore from US-based Arena Investors LP (Arena) led consortium. Earlier, the company had received a Rs 2,200 crore investment proposal from Singapore based Makara Capital Partners (Makara).
The company, hit hard by the economic slowdown due to the coronavirus induced lockdown, has been looking to raise money for some time. Earlier in April this year, it had received investment interest of $250 million (around Rs 1,856 crore) from Arena and Makara put together.
SREI Infrastructure Finance is one of India's leading asset finance and leasing institutions, constantly and consistently delivering innovative solutions in the infrastructure sector. Srei, which in Sanskrit means ‘to accord credit’ has completed over thirty years and has come a long way after starting its journey perhaps in one of the most challenging environments.
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