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Srei Equipment Finance is set to raise up to Rs 500 crore through public issue of secured, redeemable non-convertible debentures (NCDs). The base issue size is worth Rs 250 crore with an option to retain over-subscription of up to Rs 500 crore.
The funds raised through the issue will be used for infrastructure equipment financing. Srei Equipment Finance, jointly promoted by Srei Infrastructure Finance and BNP Paribas Lease Group, manages assets of worth over Rs 18,051 crore as on September 30, 2014. Srei Capital Markets and Edelweiss Financial Services are lead Managers to the issue.
