SREI to Launch IPO in the Market Soon Looking at its Equipment Growth Perspectives

By Surojit Malick (TNI Howrah) | TNI Editing Kolkata

Webdesk, TNI Kolkata 19^th August, 2017: Srei Equipment Finance Limited (SEFL) plans an initial public offering (IPO) of its equity shares, resulting in a dilution of upto a maximum 25% post-issue paid up equity share capital. The BOD of SEFL at a meeting held on 17^th August decided to evaluate public offering of its equity share capital and constitute an IPO committee to take all decisions relating to the IPO, Including appointment of advisors, investment bankers, legal counsels, etc. In a press conference the chairman and MD of SEFL Mr. Hemant Kanoria told the press “In little less than three decades of our sustained growth in the equipment finance pace, we have had experiential learnings from both growth and downturn. SEFL is well poised to ride the growth in equipment sales. Infusion of fresh capital into the business will help SEFL to achieve growth objectives and result in enhanced stakeholder value.” The Vice Chairman Mr. Sunil Kanoria added “SREI believes in offering solution for the entire life cycle of the equipment instead of just being a financer”.

Photo: Surojit Malick (TNI)