SREI Infrastructure to raise Rs 1000 cr via debentures

sreiSREI Infrastructure has filed with the regulators to raise Rs 1000 crore by selling debentures to be public.

The non convertible debentures will be issued in one or more tranches, subject to the Shelf Limit in accordance with the terms and conditions set out in separate tranche prospectus for each such tranche issue.

The object of the proposed issue is to raise funds for various lending/financing activities, to repay the company’s existing loans and business operations.

The NCDs offered through this Draft Shelf Prospectus are proposed to be listed on the BSE and NSE.

he NCDs have been rated ‘BWR AA+” by Brickwork Ratings India Private Limited.

Srei is one of India’s largest private sector integrated and holistic infrastructure institutions, delivering solutions in the infrastructure sector.

The company has been operating for two-and-a-half decades, both in urban and rural India. Srei’s businesses include Infrastructure Project Finance, Advisory and Development, Infrastructure Equipment Finance, Alternative Investment Funds, Capital Markets and Insurance Broking.

Srei is headquartered in Kolkata and has presence across India.