SREI Infrastructure Finance Ltd's Public Issue of Secured Redeemable NCDs to open on September 20, 2012

SREI Infrastructure Finance Ltd has now announced that the proposed public issue of Secured, Redeemable, Non-Convertible Debentures ("NCDs") of face value of Rs. 1,000 each aggregating upto Rs. 750 million ("Base Issue") with an option to retain over subscription upto Rs. 750 million aggregating to Rs. 1,500 million ("Overall Issue Size") opens for subscription on September 20, 2012 and closes on October 25, 2012.The NCDs have been rated as 'CARE AA (Double AA)' by CARE and 'BWR AA (Double AA)' by BRICKWORK and are proposed to be listed on BSE Limited.

The SREI Infrastructure Finance Ltd has now stock was trading at Rs.24, up by Rs.1 or 4.35%. The stock hit an intraday high of Rs.24.55 and low of Rs.23.50.

The total traded quantity was 1.31 lakhs compared to 2 week average of 0.60 lakhs.