At meeting held on 25 October 2017
SREI Infrastructure Finance announced that the Board of SREI Equipment Finance (SEFL) (its subsidiary) at its meeting held on 25 October 2017 has approved, subject to approval of shareholders, marketing conditions and receipt of requisite approvals from statutory and other authorities, an IPO of its equity shares by way of issue of fresh Equity Shares upto Rs. 2,000 crore ('Fresh Issue Size').The SEFL Board has also approved participation by the existing shareholder(s) of the Company in relation to such number of Equity Shares held by it which are eligible for Offer for Sale in accordance with ICDR Regulations, upon receipt of intimation by existing shareholder(s) of its intention to participate in any Offer for Sale of Equity Shares. The Fresh Issue Size shall be reduced to the extent of participation in offer for sale by existing shareholders, if any, as may be decided by the Board of Directors of SEFL or any duly constituted committee thereof, in its absolute discretion in consultation with the book running lead managers appointed in relation to the IPO.
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