Srei Equipment Finance appoints KPMG, DMKH & Co for forensic audit

The company has been in discussions with lenders for debt realignment. But lenders are unlikely to approve it without a forensic audit

Srei Equipment Finance Ltd (SEFL) said on Saturday that it had appointed KPMG Assurance and Consulting Services LLP and DMKH & Co, chartered accountants, to conduct a forensic audit as part of its proposed debt realignment and good governance processes, respectively.
 
Srei has been in discussions with lenders for debt realignment. But lenders are unlikely to approve it without a forensic audit. Srei’s consolidated borrowings at the end of September 30, 2020, was at Rs 30,000 crore.
 
Meanwhile SEFL announced that it had further received an expression of interest (EoI) for capital infusion from Cerberus Global Investments BV.