SREI Infrastructure Finance Ltd to raise Rs.500 crore

The Board of Directors of SREI Infrastructure Finance Ltd at its meeting held on December 19, 2011, has decided to raise funds through public issue of long term infrastructure bonds in the nature of secured, redeemable, non-convertible debentures, not exceeding Rs. 5000 million in one or more tranches.

The SREI Infrastructure Finance Ltd stock closed the day at Rs.24.65, down by Rs.1.25 or 4.83%. The stock hit an intraday high of Rs.26.40 and low of Rs.24.20.

The total traded quantity was 1.50 lakhs compared to 2 week average of 1.82 lakhs.

Source : Equity Bulls

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