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SREI Equipment Finance Ltd on Monday said it is planning an issuance of secured and/or unsecured redeemable non-convertible debentures on private placement basis for raising up to Rs 5,000 crore during the Financial Year 2015-16.
A meeting of the board of directors of the Kolkata-headquartered asset financing company will be held on Tuesday to consider giving of a general authority for the issuance.
The issuance will be on a private placement basis from time to time during the Financial Year 2015-16, with effect from April 01, 2015 up to a period of six months till September 30, 2015 to such entities who may agree to subscribe up to an maximum aggregate amount of Rs 5,000 crore outstanding against the debentures at any one point of time to all the entities put together, the company said in a notice to the BSE.
SREI Equipment Finance Ltd is a 50:50 joint venture between SREI Infrastructure Finance Ltd and BNP Paribas Leasing Solutions Ltd.
SEFL is classified as a “Systemically Important Non-deposit Taking Asset Finance Company”.
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