Cerberus joined two other prospective investors for infusing capital into Srei Equipment Finance (SEFL), a wholly-owned subsidiary of Srei Infrastructure Finance.
April 26, 2021
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Srei announces third prospective investor for capital infusion
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Cerberus joined two other prospective investors for infusing capital into Srei Equipment Finance Ltd (SEFL), a wholly owned subsidiary of Srei Infrastructure Finance.
Earlier in the month, the US-based Arena Investors LP and Singapore s Makara Capital Partners showed interest to invest up to $250 million.
The Srei Group announced that it received an expression of interest for capital infusion from New York headquartered private investment firm Cerberus Global Investments B.V.
The group however did not disclose the committed size of infusion.
Cerberus joined two other prospective investors for infusing capital into Srei Equipment Finance Ltd (SEFL), a wholly owned subsidiary of Srei Infrastructure Finance.
Srei Equipment Finance had earlier received expressions of interest from US-based Arena Investors LP and Singapore-based Makara Capital Partners for capital infusion to the tune of $250 million
Srei Equipment Finance receives EoI for capital infusion
By IANS |
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Srei Equipment Finance (Credit : srei.com). Image Source: IANS News
Kolkata, April 25 : Srei Equipment Finance Limited (SEFL) has received an Expression of Interest (EoI) for capital infusion from Cerberus Global Investments B.V.
In a regulatory filing, the company said that its board of directors along with that of Srei Infrastructure Finance Limited held meetings on Friday, April 23, 2021.
Established in 1992, Cerberus comprises one of the world s leading private investment firms with around $53 billion under management across multiple strategies. Cerberus is headquartered in New York City, USA, and has advisory offices in Mumbai, Tokyo, Hong Kong, Singapore, Beijing, London, Dublin, Dubai, Madrid and Frankfurt, among others.