Lenders for Srei group companies accept EoI by AM Mining India

Sources indicated that issuing a fresh RFRP meant that the process was being opened to EoI participants

The committee of creditors (CoC) for Srei group companies has accepted an expression of interest (EoI) submitted by AM Mining India Private Limited, an ArcelorMittal affiliate.

In a filing, Srei Infrastructure informed the stock exchanges that the final list of prospective resolution applicants (PRAs) had been revised to include the name of one PRA. The revised list includes AM Mining. 

The company has been added to the list of 13 PRAs for Srei Infrastructure Finance (SIFL) and Srei Equipment Finance (SEFL), which are undergoing insolvency proceedings. ArcelorMittal declined to comment. 

AM Mining India had submitted its EoI on September 27