SREI Infrastructure Finance Ltd's arm Bharat Road Network Limited Files DRHP with SEBI for IPO

One of the initiatives of Srei Infrastructure Finance Limited (Srei), namely Bharat Road Network Limited, where as on date Srei is holding 30.43% of the equity share capital has filed its Draft Red Herring Prospectus (DRHP) dated February 16, 2017 with the Securities and Exchange Board of India (SEBI) on Friday, February 17, 2017 in order to undertake Initial Public Offering (IPO).

Shares of SREI INFRASTRUCTURE FINANCE LTD. was last trading in BSE at Rs.97.9 as compared to the previous close of Rs. 95.25. The total number of shares traded during the day was 382613 in over 3338 trades.

The stock hit an intraday high of Rs. 101.5 and intraday low of 95.5. The net turnover during the day was Rs. 37684996.

Source : Equity Bulls

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