Srei Infrastructure Finance Limited is planning to raise R500 Cr through secured, redeemable, non-convertible debentures in one or more tranches.

Last month, the company sold its 30% stake in derrick lay barge Quippo Prakash to a Malaysian firm Sapura Kencana for $122 Mn.

Recently, the NCD public issue of the company to raise R75 Cr was over-subscribed by 1.03 times on the final day of the offer. It received bids worth R76.93 Cr, as against R75 Cr on offer.

Kolkata based Srei Infrastructure is involved in financing infrastructure in telecom, oil & gas, roads, power, ports, industrial parks and rural IT infrastructure, and is also engaged in equipment leasing, rentals & auctioning, project financing, project development, advisory and fund management.

This June, the Ontario Teachers' Pension Plan was planning to invest an undisclosed amount into the $1 Bn (R5700 Cr) fund being raised by Srei Infrastructure Finance. The company raised around R300 Cr through tax saving bonds and was also planning to launch a $150 Mn private equity fund for defence and security sector.

Recently, Dewan Housing Finance Corporation Limited had proposed to raise R325 Cr by issue of unsecured NCD (Lower Tier II) in the nature of subordinated debt in one or more tranches on private placement basis. Religare Finvest was planning to raise upto R500 Cr through retail issuance of NCDs to support financing activities.

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