Punjab & Sind Bank declares Srei loan accounts as fraudsWhile the Kanorias had moved court against the KPMG report, the latest move by Punjab & Sind Bank may prompt other banks to follow suit. Th...
SREI's 'connected entities' baffle KPMG forensics teamAccording to the report, which is replete with caveats and assumptions, the Srei companies had lent about Rs 8158 crore to “connected parti...
Trinity Alternative Investments says no illicit transactions with Srei Group entitiesLast week, reports said the RBI-appointed administrator Rajneesh Sharma has moved the Kolkata bench of the National Company Law Tribunal (N...
RBI-appointed administrator moves court to retain Srei control over TrinitySrei Infrastructure Finance, the main Srei company, holds 51% in Trinity, and the balance 49% equity is held by Payaash Capital, a Singapor...
Srei Group Promoters move Bombay HC against RBI insolvency actionSrei group promoters are seeking stay on any insolvency proceedings at group companies Srei Infrastructure Finance Ltd and Srei Equipment F...
Srei Infrastructure Finance shares decline 5% to hit lower circuit limitThe Reserve Bank on Monday superseded the boards of Srei Infrastructure Finance as well as Srei Equipment Finance, citing concerns over gov...
Lenders approach RBI after ₹30,000 crore Srei loans turn NPAIn response to a query from ET, a Srei Group spokesperson said the economic downturn and loan moratoriums provided by the regulator had aff...
2 global PE investors show interest to invest $250 mn in Srei Equipment FinanceSrei's strategic coordination committee, headed by independent director Malay Mukherjee, will coordinate and negotiate with the PE investor...
Srei ratings cut to 'default', legal battle aheadCare Ratings cut the rank to D for a combination of bank loans and debt securities worth Rs 11,828 crore availed by Srei Infra Finance and ...
Srei Infra to transfer lending assets to Srei EquipmentSrei Infrastructure Finance will remain the holding company for Srei Equipment Finance.
Srei Infra’s Rs 215-cr offer for Adhunik Alloy disqualifiedSrei Infrastructure had bid with three other applicants for Adhunik Alloy, one of the four companies of Adhunik group facing bankruptcy pro...
Srei Infrastructure files bankruptcy pleas against companies that held Viom sharesThe Srei group was represented by local boutique law firm MKB & Associates, as per a listing on the website of the tribunal. The law firm d...
Srei Equipment Finance & Tata Motors sign MoU to Finance Commercial VehiclesSrei Infrastructure Finance's wholly owned subsidiary Srei Equipment will also aim to expand its penetration in financing and leasing of he...
Srei Infrastructure Finance's rating upgraded to 'AA+'Incidentally, Brickwork Ratings has also upgraded Srei's wholly-owned subsidiary Srei Equipment Finance's (SEFL) rating to BWR AA+ with sta...
Srei consolidates 100% shareholding in Srei Equipment FinanceSrei Infrastructure Finance on Friday said that it has consolidated 100% shareholding in Srei Equipment Finance.
BNP to sell Srei Equipment Finance Ltd shares for 5% stake in parent companyBNP Paribas will buy 2.51 crore shares, representing 5 per cent stake in SREI in lieu of its 50 per cent stake in Srei Equipment Finance.
BNP Paribas and Srei Infrastructure invest Rs 200 crore in joint ventureBNP Paribas and Srei Infrastructure have invested close to Rs. 200 crore of equity in their JV - Srei Equipment Finance (Private) Limited.