Global institutional investors show interest in Srei Equipment Finance

Srei Equipment Finance (SEFL) has received an expression of interest from international investors for a proposed capital infusion, the company said on Tuesday.

“SEFL has been continuously exploring opportunities to strengthen its capital base. The expression of interest from renowned global institutional investors reflects the confidence that international investors have on Srei's business. The company will be working towards resolving matters with the creditors at the earliest,” the company said.

The capital infusion in the form of equity will be in tranches. Earlier in March, Care Ratings downgraded Srei group’s debt totalling Rs 29,240.30 crore to “default”, making debt raising difficult.

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