Kolkata-based Srei Infrastructure Finance Ltd will sell 4.38 million shares in the proposed initial public offering (IPO) of its subsidiary Srei Equipment Finance Ltd, India’s largest equipment finance firm.
“The company has (Srei Infra) has decided to participate in the offer as selling shareholder,” the firm informed stock exchanges on Tuesday.
VCCircle had first reported that Srei Equipment Finance had appointed merchant bankers to manage the IPO.
To be updated…
Like this report? Sign up for our daily newsletter to get our top reports.