SREI Infra Jumps On Fund Raising Plans

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Shares in SREI Infrastructure rallied 4 per cent in trade after reports of fund raising plans by the company.

SREI Infra Jumps On Fund Raising Plans
SREI Infrastructure Finance: Quotes, News
BSE 82.90BSE Quote1.65 (1.99%)
NSE 82.95NSE Quote1.35 (1.63%)
The stock was last trading at 37.30, up 4.04 per cent on the National Stock Exchange. There were reports in the media that the company was planning to raise Rs 500 crores through bond for lending to the infrastructure business.

SREI Infrastructure Finance is among the oldest infrastructure finance companies in the country. The company is engaged in diverse areas of infra finance including infrastructure project finance, advisory and development, capital markets and insurance broking.

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