Srei Equipment Finance Ltd provides financing for construction and mining equipment in the country. Photo: iStockNew Delhi: Srei Equipment Finance Ltd (SEFL), a wholly-owned subsidiary of Srei Infrastructure Finance, Thursday said it plans an initial public offering (IPO) to dilute up to 25% of its equity share capital. SEFL provides financing for construction and mining equipment in the country. The company, in a statement, said that its board of directors at a meeting on Thursday has decided to evaluate public offering of its equity share capital. This has increased SEFL’s opportunity to assist customers with equipment loan/lease, deployment solutions, maintenance solutions, working capital products and exit solutions, he added.

Source: Mint August 17, 2017 15:00 UTC