Srei Infra Finance jumps 20% on receiving EoI from Cerberus for subsidiary

Cerberus Global Investments joined two other prospective investors for infusing capital into Srei Equipment Finance

Shares of Srei Infrastructure Finance (Srei) were locked in 20 per cent upper circuit limit on the BSE in Monday's intra-day session after the company's wholly-owned subsidiary Srei Equipment Finance (SEFL) received an expression of interest (EoI) for equity infusion from global private investment firm Cerberus Global Investments.

Srei group, however, did not disclose the committed size of the infusion.

Following this development, the stock was quoting at Rs 7.35, up 19.90 per cent while BSE Sensex was trading 1.51 per cent higher at 48,600.

The board of directors of Srei Infrastructure Finance and its subsidiary Srei