Companies

Srei Equipment Fin gets Rs 200 cr addl equity

Shobha Roy Kolkata | Updated on March 12, 2018 Published on October 12, 2012

Srei Infrastructure Finance Ltd and BNP Paribas have invested close to Rs 200-crore worth equity in their joint venture (50:50) company — Srei Equipment Finance.

The equity infusion will take the networth of Srei Equipment Finance to over Rs 1,660 crore, according to a company press statement.

Commenting on the additional equity investment by the two shareholders of the company, D.K. Vyas, CEO, Srei Equipment Finance, said: “Enhanced equity will strengthen the capital base of Srei Equipment Finance and with additional leveraging, will lead to further growth.”

>shobha.roy@thehindu.co.in

Published on October 12, 2012
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