Srei Infrastructure Finance said on Wednesday that its board has approved raising up to Rs 2,500 crore of capital.
The company said that it plans to raise capital by way of issue of one or more instruments through public offer/qualified institutional placement/private placement/preferential issue/rights issue. The board at its meeting held today passed a resolution to this effect.
Also, Srei Equipment Finance has received a term sheet from Singapore’s Makara Capital Partners for investment of Rs 2,200 crore by way of capital and a term sheet from USA-based Arena Investors LP for investment of Rs 2,000 crore.
The Strategic Coordination Committee (SCC), comprising independent directors, is evaluating the proposals and taking necessary steps, the company said.