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Srei Equipment to raise Rs 7.5k crore

Srei Equipment Finance, the 50:50 joint venture between Srei Infrastructure Finance and BNP Paribas, said it would raise up to Rs 7,500 crore debt in the current financial year to fund the increasing infrastructure demand in the country. “We are planning to raise Rs 7,500 crore debt in the current financial year. The fund will be mobilised through term loans from banks, securitising and bonds,” Srei Infrastructure Finance Executive Director K K Mohanthy said. Some quasi-equity would also be raised in the second half of the current financial year, he said, adding however, that the ...