Srei Infrastructure arm plans to raise Rs 500 crore via NCDs

NEW DELHI: Srei Infrastructure Finance Ltd on Monday said its subsidiary plans to raise up to Rs 500 crore through public issue of non-convertible debentures (NCDs).

"Srei Equipment Finance, a wholly-owned subsidiary of Srei Infrastructure Finance, is proposing a public issue of secured redeemable NCDs of face value of Rs 1,000 each aggregating up to Rs 500 crore," the Kolkata-based company said in a BSE filing today.

The issue, which is proposed to be listed with the exchanges NSE and BSE, will open on January 3 and close on January 20, 2017.

Srei said the NCDs offer an annualised coupon of up to 9.75 per cent per annum.