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Srei Infrastructure Finance Ltd (Srei) is going to raise Rs 1,000 crore through a public offer of non-convertible debentures (NCDs).
According to the company, a draft prospectus has been filed by it with BSE and NSE as well as market regulator Sebi for the public issue of secured redeemable NCDs of face value of Rs 1,000 each aggregating up to Rs 1,000 crore.
The company has said that the NCDs will be issued in one or more tranches.
According to Srei, ” the object of the proposed issue is to raise funds for various leading/financing activities to repay the company’s existing loans and business operations.”
