What happened Srei NCD?
Earlier, the NCDs issued by Srei Infrastructure Finance Ltd (SIFL) were transferred to SEFL via a slump sale approved by the BSE on 26 February 2020.
Does Srei pay interest?
SREI has not paid any interest since January.
Why Srei Infra share is falling?
New Delhi: Shares of Srei Infrastructure Finance on Tuesday declined 5 per cent after the Reserve Bank superseded the boards of the company as well as Srei Equipment Finance, citing concerns over governance and payment defaults. The stock tanked 5 per cent to Rs 8.17 — its lower circuit limit — on BSE.
What happens to Srei investors?
Shocked, Stressed, Disbelief: Investors After RBI Takes Over SREI Infra. For investors, moving court is the option as they have heard nothing from the bank despite reaching out to them. On 27 September 2021, the Reserve Bank of India took over SREI Infrastructure Finance and SREI Equipment Finance.
Will Srei survive?
“The company may survive in some form,” said another Srei insider. “That is, if it manages to find a buyer.” Srei owes around Rs 30,000 crore to its creditors, of which close to Rs20,000 crore is to lenders and the rest to other creditors including bondholders.
What happens to Srei?
On 27 September 2021, the Reserve Bank of India took over SREI Infrastructure Finance and SREI Equipment Finance. The people who had invested their money are in shock and disbelief. We spoke to a few investors who are eagerly waiting to get their money back from the firm.
Is Srei a good investment?
Is SREI Infrastructure Finance Ltd a good quality company? Past 10 year’s financial track record analysis by Moneyworks4me indicates that SREI Infrastructure Finance Ltd is a below average quality company.
Can I buy Srei Infra share?
You can easily buy SREI Infra Finance shares in Groww by creating a demat account and getting the KYC documents verified online.
Who will buy Srei?
Thursday, the stock gained 20% to Rs 71.80 on French bank BNP Paribas buying 50% stake in SREI’s equipment finance arm for Rs 775 crore.