SREI Infrastructure Finance to divest assets worth Rs 500-1,000 crore

SREI Infrastructure Finance is looking to divest its assets worth Rs 500-1,000 crore and expects them to be monetized by this fiscal year-end. The company is working on various routes, including initial public offer (IPO), to monetize telecom tower operator Viom Network. SREI Infra has an 18% stake in the company that is a joint venture (JV) with Tata Group. The company may also opt to list on either New York Stock Exchange (NYSE) or the London Stock Exchange (LSE).

Besides, it is also eyeing the listing of its various road projects for which currently it is in talks with merchant bankers for the listing of two of its road projects.

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.