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DEBT | 20 December 2011

Srei Infrastructure To Raise R500Cr

by Charmi Gutka
Srei Infrastructure To Raise R500Cr
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Srei Infrastructure Finance Limited is planning to raise R500 Cr in one or more tranches through public issue of infrastructure bonds in the nature of secured, redeemable, non-convertible debentures.

The company is yet to finalize the rate of interest of the bond and the issue is expected by early January 2012.

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Equity Capital Infusion in M/s Steelcast Ltd

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Steelcast Ltd. is a 55 year old renowned company in steel casting industry having a successful track record.Equity Capital amounting to Rs 1214.40 lacs was raised through Preferential Allotment of 20,24,000 Shares issued at Rs 60 per Share (Including premium of Rs 55 per share).

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