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SREI Infra soars on the buzz of planning to divest stake in strategic investments

05 Mar 2014 Evaluate

SREI Infrastructure Finance is currently trading at Rs. 27.80, up by 1.40 points or 5.30% from its previous closing of Rs. 26.40 on the BSE.

The scrip opened at Rs. 26.70 and has touched a high and low of Rs. 28.40 and Rs. 26.35 respectively. So far 352799 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 37.45 on 11-Mar-2013 and a 52 week low of Rs. 17.45 on 28-Aug-2013.

Last one week high and low of the scrip stood at Rs. 28.40 and Rs. 22.10 respectively. The current market cap of the company is Rs. 1418.70 crore.

The promoters holding in the company stood at 48.77% while Institutions and Non-Institutions held 11.65% and 39.57% respectively.

SREI Infrastructure is reportedly planning to divest stake in its ‘strategic investments’. As part of the strategy, the company may also look to list VIOM on London Stock Exchange (LSE) in FY15.

About 45 percent stake in Viom is held together by SREI Infrastructure and other PE investors. The Kanorias of SREI own 18 percent and control management of the company, majority owned by Tata Teleservices (54 per cent) with the rest owned by IDFC Private Equity, SBI Macquarie, Oman Investment Fund and GIC of Singapore.

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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