SREI Equipment Finance Ltd to consider issue of NCDs on July 22, 2015

A meeting of the Board of Directors of SREI Equipment Finance Ltd will be held on July 22, 2015, proposes to consider giving of a general authority for issuance of Secured and/or Unsecured Redeemable Non-Convertible Debentures (including Bonds and/or Subordinated Debt) ('Debentures') on private placement basis from time to time during the Financial Year 2015-16, with effect from October 01, 2015 upto a period of 6 (Six) months till March 31, 2016 to such entities who may agree to subscribe such upto an maximum aggregate amount of Rs. 5,000 Crores (Rupees Five Thousand Crores only) outstanding against the Debentures at any one point of time to all the entities put together.

The Board will also consider public issue of Secured / Sub Debt, Redeemable, Non-Convertible Debentures of face value of Rs. 1,000 each, (the 'Debentures' or 'NCDs'), aggregating upto Rs. 500 Crores inclusive of green shoe option, if available, in one or more tranches.

Shares of SREI INFRASTRUCTURE FINANCE LTD. was last trading in BSE at Rs.36.3 as compared to the previous close of Rs. 36.45. The total number of shares traded during the day was 92165 in over 571 trades.

The stock hit an intraday high of Rs. 36.85 and intraday low of 36.15. The net turnover during the day was Rs. 3363259.

Source : Equity Bulls

Keywords