| Log in

BNP Paribas, Srei Infrastructure invest Rs 200 crore in JV

11 October, 2012

BNP Paribas and Srei Infrastructure have invested close to Rs 200 crore of equity in their joint venture company, Srei Equipment Finance (Private). This will take the net worth of the company to over Rs 1,660 crore. With higher capitalisation, Srei Equipment Finance will expand its business multi-fold, said the company.

Commenting on the additional equity investment by the two shareholders of the Company, DK Vyas, CEO, Srei Equipment Finance, said, “Enhanced equity will strengthen the capital base of Srei Equipment Finance and with additional leveraging, will lead to further growth. Being a market leader with over 30% market share in infrastructure and construction equipment financing, Srei Equipment Finance mirrors industry growth.”

This fiscal, Srei Equipment Fiance is expected to grow by 10 – 15% over last year’s disbursement of Rs 12,710 crore. As of June 30, the assets under management of Srei Equipment Finance was over Rs 18,492 crore, said the company.

(Edited by Prem Udayabhanu)


Leave Your Comment
Srei Infra Finance plans to list its equipment finance arm

Srei Infra Finance plans to list its equipment finance arm

Keshav Sunkara 3 months ago
Srei Infrastructure Finance Ltd is planning to list its wholly-owned subsidiary,...
BNP Paribas to swap stake in equipment finance JV for 5% in SREI Infra

BNP Paribas to swap stake in equipment finance JV for 5% in SREI Infra

Anuradha Verma 2 years ago
French banking and financial services giant BNP Paribas SA has agreed to acquire...
Exclusive: Srei Equipment Finance hires merchant banks for IPO

Exclusive: Srei Equipment Finance hires merchant banks for IPO

Ankit Doshi and Bruhadeeswaran R 2 months ago
Srei Equipment Finance Ltd, India’s largest equipment finance firm, has...
No Comments

BNP Paribas, Srei Infrastructure invest Rs 200 crore in JV

Powered by WordPress.com VIP