Srei Infrastructure Finance raises Rs 350 crore via NCDs

By: | Published: September 28, 2016 9:21 PM

Srei Infrastructure Finance today said it has raised Rs 350 crore in the first tranche of public issue of non-convertible debentures.

The public issue involved 25,00,000 secured redeemable non-convertible debentures of face value of Rs 1,000 each aggregating up to Rs 2,500 crore with an option to retain oversubscription up to the shelf limit of Rs 100 crore. (Source: Reuters)The public issue involved 25,00,000 secured redeemable non-convertible debentures of face value of Rs 1,000 each aggregating up to Rs 2,500 crore with an option to retain oversubscription up to the shelf limit of Rs 100 crore. (Source: Reuters)

Srei Infrastructure Finance today said it has raised Rs 350 crore in the first tranche of public issue of non-convertible debentures.

The public issue involved 25,00,000 secured redeemable non-convertible debentures of face value of Rs 1,000 each aggregating up to Rs 2,500 crore (the base issue) with an option to retain oversubscription up to the shelf limit of Rs 100 crore.

The tranche 1 issue, which opened for subscription on September 7, 2016 has closed today, being September 28, 2016, it said in a regulatory filing.

Company’s public issue of NCDs offers a maximum coupon rate of up to 10 per cent per annum.

The tranche 1 was the part of the company’s capital raise plan of Rs 1,000 crore.

Stock of the company closed 1.11 per cent up at Rs 72.70 on BSE.

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