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Srei Equipment Finance gets Rs 2,200 crore investment interest from Singapore's Makara Capital freepressjournal.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from freepressjournal.in Daily Mail and Mail on Sunday newspapers.
SREI Infrastructure Subsidiary Receives Investment Proposal of Rs2200 Crore From Makara Capital Partners moneylife.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneylife.in Daily Mail and Mail on Sunday newspapers.
Danger: Men at Work telegraphindia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from telegraphindia.com Daily Mail and Mail on Sunday newspapers.
CFM Asset Reconstruction Company sole bidder for debt laden JBF Industries SECTIONS Share Synopsis JBF has been marked as a non performing asset (NPA) for many years now and a bid for the company has come amid a surge in commodity prices giving bankers an opportunity to settle a legacy bad loan which has been 100% provided by most lenders. Agencies Ahmedabad-based CFM Asset Reconstruction Co has emerged a surprise bidder for polyester maker JBF Industries with a Rs 800 crore out-of-court resolution plan to settle the Rs 2,000 crore debt of the stressed company. JBF has been marked as a non-performing asset by lenders for several years now and a bid for it has come amid a surge in commodity prices, giving bankers an opportunity to settle a legacy bad loan which has been 100% provided by most of them. ....
Shares of Srei Infrastructure Finance (Srei) were locked in 20 per cent upper circuit limit on the BSE in Monday s intra-day session after the company s wholly-owned subsidiary Srei Equipment Finance (SEFL) received an expression of interest (EoI) for equity infusion from global private investment firm Cerberus Global Investments. Srei group, however, did not disclose the committed size of the infusion. Following this development, the stock was quoting at Rs 7.35, up 19.90 per cent while BSE Sensex was trading 1.51 per cent higher at 48,600. The board of directors of Srei Infrastructure Finance and its subsidiary Srei Equipment Finance Limited held meetings on Friday, April 23, 2021, the company said in a regulatory filing. ....