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DEBT | 12 November 2012

Srei Infra To Raise Funds Through Debt

by Sushil Surana
Srei Infra To Raise Funds Through Debt
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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.

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