SREI Equipment Finance Receives EOIs from Two International PE Funds for $ 250 million capital infusion
Moneylife Digital Team
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SREI Equipment Finance Ltd (SEFL) says it has received expression of interest (EOIs) for up to $250 million capital infusion in the company from two international private equity (PE) funds.
In a statement, SEFL says, US-based Arena Investors LP and Singapore s Makara Capital Partners have expressed interest in investing in the company.
“The company s strategic coordination committee chaired by Malay Mukherjee, independent director, will coordinate, negotiate and conclude discussions with the PE investors to bring the capital into the business and advise the management. Ernst & Young will be advising the committee on the proposed fund raising exercise,” the statement says.