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SREI Infrastructure Finance surges as its JV hikes benchmark rate by 0.5%

21 Aug 2013 Evaluate

SREI Infrastructure Finance is currently trading at Rs. 20.35, up by 0.50 points or 2.52% from its previous closing of Rs. 19.85 on the BSE.

The scrip opened at Rs. 20.00 and has touched a high and low of Rs. 20.60 and Rs. 19.55 respectively. So far 35954 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 51.50 on 07-Jan-2013 and a 52 week low of Rs. 17.60 on 25-Jul-2013.

Last one week high and low of the scrip stood at Rs. 23.00 and Rs. 19.40 respectively. The current market cap of the company is Rs. 1008.69 crore.

The promoters holding in the company stood at 48.77% while Institutions and Non-Institutions held 12.70% and 38.53% respectively.

Infrastructure and construction equipment financing firm, SREI BNP Paribas a 50:50 joint-venture (JV) between SREI Infrastructure Finance and BNP Paribas, France, has hiked its benchmark rate by 0.5%, from 17.25% per annum to 17.75% per annum with immediate effect.

The company’s asset liability management committee after reviewing the cost of borrowing decided to increase its benchmark rate. It had last increased its SBR in July 2012 by 25 basis points.

SREI Infrastructure Finance’s businesses include infrastructure equipment leasing and finance, infrastructure project finance, advisory and development, insurance broking, venture capital, capital market and Sahaj e -Village.

SREI Infra Fin Share Price

2.07 0.00 (0.00%)
11-Aug-2023 18:01 View Price Chart
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