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SREI Infrastructure Finance Ltd seeks Sebi nod to raise via NCDs-Business Standard

Tuesday, 8 Apr 2014 01:35am EDT 

SREI Infrastructure Finance Ltd:Has sought market regulator Sebi's approval to raise up to 1.50 bln Indian Rupees through non-convertible debentures (NCDs) for use towards its financial activities-Business Standard.Plans to garner 750 mln Indian Rupees through secured, redeemable NCDs of face value of 1,000 Indian Rupees and would have the option to retain over- subscription of up to 750 mln Indian Rupees, the company said in a draft prospectus filed with the Securities and Exchange Board of India (Sebi).The funds raised through this issue would be used for various financing activities, to repay existing loans and for business operations, including capital expenditure as well as working capital requirements.ICICI Securities, A K Capital Services, SPA Capital Advisors and Srei Capital Market are the lead managers to the issue.Karvy Investor Services, Integrated Enterprises, RR Investors Capital Services, SMC Capitals and Bajaj Capital are the co-lead managers.Besides, Axis Trustee Services is acting as the debenture trustee to the issue and Karvy Computershare is the registrar to the issue. 

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