Srei Infra zooms 20% as arm receives EoI for $250 mn capital infusion

The company's Strategic Coordination Committee will coordinate, negotiate and conclude discussions with the PE investors to bring the capital into the business and advise the management

Shares of Srei Infrastructure Finance Limited, on Friday, hit 20 per cent upper circuit at Rs 7.02 on the BSE after its subsidiary Srei Equipment Finance Limited (SEFL) said it has received expression of interest for up to $250 million capital infusion in the company from international private equity (PE) funds.

"Srei Equipment Finance Limited ("SEFL") said that it has received expression of interest for up to USD 250 million capital infusion in the company. The international private equity ("PE") funds are US-based Arena Investors LP and Singapore's Makara Capital Partners," the company said, in a press release.