Comments
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.”
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.