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Srei Equipment Finance Limited's NCD issue fully subscribed

Posted On: 2017-01-10 01:11:08

The public issue of secured redeemable non-convertible debentures (NCDs) of Rs. 500 crore by Srei Equipment Finance Limited was fully subscribed within 4 days from the date of issue opening, i.e. January 3, 2017. The issue was subscribed by more than 1.12 times till the closure of the issue on January 6, 2017 based on the bid data available on the websites of BSE and NSE.

Srei Equipment Finance Limited is a wholly-owned subsidiary of Srei Infrastructure Finance Limited.

The issue was open for subscription till January 20, 2017. However, because of the overwhelming response received from the investors the issue was closed within 4 days from the issue opening date.

Shares of SREI INFRASTRUCTURE FINANCE LTD. was last trading in BSE at Rs.80.75 as compared to the previous close of Rs. 80.35. The total number of shares traded during the day was 239456 in over 2786 trades.

The stock hit an intraday high of Rs. 83.5 and intraday low of 79.9. The net turnover during the day was Rs. 19609473.

Source: Equity Bulls

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