SREI Equipment Fin to raise up to Rs 500 cr via bonds

SREI Equipment Finance today said it will raise up to Rs 500 crore tier-II capital via bonds.
"SREI Equipment Finance Pvt Ltd has informed BSE that the Board of Directors of the Company at its meeting held on November 5, 2015, has approved public issue of...Redeemable, non-convertible debentures of face value of Rs 1,000 each, aggregating upto Rs 500 crores," it said in a filing on BSE.
The issue of bonds are inclusive of green shoe option, if available, in one or more tranches, it added.