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Srei Equipment Finance (SEFL), a wholly owned subsidiary of Srei Infrastructure Finance, board has approved raising up to Rs.2,000 crore via initial public offer (IPO).
In a regulatory filing, Srei Infrastructure Finance stated, “The Board of Directors of SEFL … has approved, subject to approval of its shareholders, marketing conditions and receipt of requisite approvals from statutory and other authorities, an IPO of its equity shares by way of issue of fresh equity shares up to Rs 2,000 crore,”
Moreover, the board has also approved participation by the existing shareholders of Srei Infrastructure Finance in relation to such number of equity shares held by it which are eligible for offer for sale.
