Srei, a Kanoria Foundation entity, is an integrated infrastructure institution with around USD 5.5 billion of consolidated assets under its management.
Vnesheconombank operates to enhance competitiveness of the Russian economy, diversify it and stimulate investment.
"The IT and Innovation Fund will promote India-Russian cooperation in the area of IT technologies and innovation.
"Srei and Vnesheconombank, through this fund, will explore investments opportunities in technology companies in Russia, India and other selected regions," Seri said in a statement.
Srei shares closed at Rs 109.80 a piece on BSE, up 4.22 per cent over yesterday.
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