The Hindu Business Line : SREI launches Rs 1,000-cr fund

The fund will essentially facilitate financing in a variety of flexible financial instruments such as equity, equity-linked instruments, mezzanine debt, and others.

SREI Venture Capital Ltd, a wholly owned subsidiary of SREI Infrastructure Finance, will manage the fund, with the minimum capital commitment for each contributor to the fund being Rs 50 crore.

A company release said that the fund is a close-ended one with a 10-year tenure and a corpus of Rs 1,000 crore, of which Rs 220 crore has already been committed by various banks and institutions.

The commitment period for contributors has been fixed at three years, beginning from the date of the final closing.

The companyhas expanded its operations to the UK, Germany, and Russia and is listed on the London Stock Exchange.

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SREI launches Rs 1,000-cr fund