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Kolkata-headquartered Srei Infrastructure Finance Ltd plans to raise Rs 1,000 crore through public issue of secured, redeemable non-convertible debentures (NCDs) of face value of Rs 1,000 each.
The company said it has filed the draft prospectus with BSE and NSE as well as market regulator SEBI for issue of NCDs.
The NCDs will be issued in one or more tranches, subject to the shelf limit, the company said in a release.
The object of the proposed issue is to raise funds for various lending/financing activities, to repay the company’s existing loans and for business operations.
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