Srei Infra Finance

CCI approves SREI Infrastructure Finance's acquisition by NARCL, IDRCL

Fair-trade regulator CCI on Thursday said it has approved the acquisition of SREI Infrastructure Finance by National Asset Reconstruction Company Ltd and India Debt Resolution Company Ltd. The deal has been cleared under the green channel route. National Asset Reconstruction Company Ltd (NARCL) is an asset reconstruction company while India Debt Resolution Company Ltd (IDRCL) provides debt management services to NARCL. Both entities are backed by the Government of India. The proposed transaction involves the acquisition of a majority of equity share capital of the Srei Infrastructure Finance (SIFL) by NARCL and IDRCL, according to a CCI notice. NARCL has submitted a resolution plan in relation to the corporate insolvency resolution process (CIRP) of SIFL and its wholly-owned subsidiary, SREI Equipment Finance Ltd (SEFL). Thereafter, NARCL's resolution plan was approved by the Committee of Creditors (CoC) of the SIFL on February 14, the notice said. The Competition Commission of I

Arena-Varde Partners, NARCL and Authum submit final bids for Srei companies

Srei Infrastructure Finance and Srei Equipment Finance were admitted for bankruptcy following applications filed by the Reserve Bank of India in October 2021

Delhi HC stops Punjab & Sind Bank from acting on SREI loan reclassification

Sources say the order will help SREI preserve the resolution process while protecting lenders and stakeholders from any value erosion on account of such unnecessary reclassification

Srei Infra Finance Q3 net profit jumps three-fold to Rs 67 crore

Shares of the company were trading 5.47 per cent higher at Rs 97.30 apiece on BSE

Srei Infrastructure Finance's Q2 profits jump to Rs 62 crore

The company had reported a net profit of Rs 11.50 crore in the same quarter in the last financial year

Srei Infra Finance to raise Rs 1,000 crore via NCD

Shares of the company were trading at Rs 75.40, up 1.69 per cent, on BSE