Viom stake sale in advanced stages of negotiations: SREI

Written By Unknown on Selasa, 03 Maret 2015 | 15.45

SREI Infra is looking to invest Rs 5,000 crore over the next one year to finance construction projects. The company is looking at different options to increase retail funding to reduce cost of funds.

SREI Infra  is looking to invest Rs 5,000 crore over the next one year to finance construction projects. The company is looking at different options to increase retail funding to reduce cost of funds.

Speaking to CNBC-TV18, CMD Hemant Kanoria said the company is looking at Viom Networks (its telecom tower venture with the Tata group) stake sale but nothing has been finalised yet.

He further said Viom stake sale is in advanced stages of negotiations and there is substantial interest seen in it.

Interview transcript to follow shortly

SREI Infra stock price

On March 03, 2015, at 14:12 hrs SREI Infrastructure Finance was quoting at Rs 52.75, up Rs 1.65, or 3.23 percent. The 52-week high of the share was Rs 57.55 and the 52-week low was Rs 23.00.


The company's trailing 12-month (TTM) EPS was at Rs 1.65 per share as per the quarter ended December 2014. The stock's price-to-earnings (P/E) ratio was 31.97. The latest book value of the company is Rs 53.22 per share. At current value, the price-to-book value of the company is 0.99.


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