SREI likely to launch infra debt fund by January 2013

Written By Unknown on Jumat, 16 November 2012 | 15.45

SREI Infrastructure has obtained registration certificate from market regulator securities and exchange board of India (SEBI) to launch infra debt fund.

Chairman and managing director Hemant Kanoria told CNBC-TV18 that the company will be filing the scheme for this fund with SEBI and is hoping to launch it by January 2013.

As far as the fund size is concerned, to begin with, SREI Infra is not very ambitious on the amount that they will be able to garner. However, with aid from government, it is looking to raise around Rs 2,500 crore to 5,000 crore from the fund.

At 13:27 hrs SREI Infrastructure Finance was quoting at Rs 36.50, up Rs 2.35, or 6.88%.

Stay tuned for more..



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