Srei Equipment Finance gets EoI from Cerberus Global
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Last Updated: Apr 25, 2021, 10:24 AM IST
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Earlier this month, SEFL received EoIs for capital infusion of about $250 million (about Rs 1,864.35 crore) from US-based multi-strategy investment firm Arena Investors LP and Singapore-based global financial services company Makara Capital Partners.
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NEW DELHI: Srei Equipment Finance (SEFL) has received an expression of interest for equity infusion of an undisclosed amount from global private investment firm Cerberus Global Investments, according to a regulatory filing.
Srei Equipment Finance Limited (SEFL) is a wholly-owned subsidiary of Srei Infrastructure Finance Limited.
The board of directors of
Srei Equipment Finance Ltd (SEFL) said on Saturday that it had appointed KPMG Assurance and Consulting Services LLP and DMKH & Co, chartered accountants, to conduct a forensic audit as part of its proposed debt realignment and good governance processes, respectively.
Srei has been in discussions with lenders for debt realignment. But lenders are unlikely to approve it without a forensic audit. Srei’s consolidated borrowings at the end of September 30, 2020, was at Rs 30,000 crore.
Meanwhile SEFL announced that it had further received an expression of interest (EoI) for capital infusion from Cerberus Global Investments BV. Earlier, it had received EoIs for capital infusion of about $250 million from US-based multi-strategy investment firm, Arena Investors LP, and Singapore-based global financial services company Makara Capital Partners.
Cerberus Global Investments shows interest in Srei Equipment Finance The non-bank finance firm had earlier received expressions of interest for capital infusion of about $250 million from US firm Arena Investors and Singapore-based Makara Capital
New York-based private investment firm Cerberus Global Investments BV is the third investor to show interest in capital infusion into Srei Equipment Finance Limited (SEFL). There will also be a forensic audit of the books of the NBFC at the behest of the lenders.
The non-bank finance firm had earlier received expressions of interest for capital infusion of about $250 million from US firm Arena Investors and Singapore-based Makara Capital.