Logo


Shriram Equipment Finance plans to raise Rs 200 cr

Shriram Equipment Finance Company (SEFC) is planning to raise about Rs 150-200 crore from private equity (PE) investors and rope in strategic investors. SEFC is a subsidiary of Shriram Transport Finance Corporation, which has an asset base of about Rs 56,000 crore. Umesh Revankar, managing director of Shriram Transport Finance, said the company expected to grow at a compounded annual rate of 15 per cent. "We may require Rs 150-200 crore," he said, adding he would soon propose this to the company's board. He said some funds had already approached the company, but declined ...