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SREI Infrastructure Finance updates on IPO plans of subsidiary

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Last Updated : Aug 17 2017 | 1:14 PM IST

Board of Srei Equipment Finance approves to evaluate IPO proposal

SREI Infrastructure Finance announced that the Board of Directors of Srei Equipment Finance (SEFL), wholly owned subsidiary of the Company, at its meeting dated 17 August, 2017 has approved to evaluate, subject to approval of its board, shareholders, market conditions and receipt of requisite approvals from statutory and other authorities, an initial public offering (the 'IPO') of upto 25% of the post-issue paid-up equity share capital of SEFL.

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First Published: Aug 17 2017 | 12:47 PM IST

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