SREI Infra hit 20% upper circuit

SREI Infra hit 20% upper circuit

by admin- Friday, April 9th, 2021 05:21:49 PM

Srei Equipment Finance has received expression of interest for up to USD 250 million capital infusion in the company. The international private equity (“PE”) funds are USbased Arena Investors LP and Singapore’s Makara Capital Partners.

The company’s Strategic Coordination Committee, chaired by Mr. Malay Mukherjee, Independent Director, will coordinate, negotiate and conclude discussions with the PE investors to bring the capital into the business and advise the management. Ernst & Young (“E&Y”) will be advising the committee on the proposed fund raising exercise.

Arena Investors LP is a multi-strategy investment firm with USD 2.2 billion of committed capital. The firm’s investment mandate is global, and also unconstrained in terms of asset class and industry. It provides creative solutions for those seeking capital in special situations.

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