SREI Infrastructure Finance Ltd is considering an Initial Public Offering (IPO) for its equipment finance unit to a maximum of 25% stake paid up capital. SREI Infrastructure Finance expects that after its public offer (IPO) there will be no need for additional funds for next 3-4 years. It expects to raise Rs 1,800 – 2,000 Cr, through the offer.
The Sensex and Nifty were trading higher in early trade Monday, on positive global cues. the BSE Sensex, was up 239.30 points or 0.77% at 31,452.89, while the Nifty50 index was up 76.75 points or 0.79% at 9,787.55. Suzlon Energy (up 9.80), Navkar Corpn (up 7.44) and DLF were (6.72%) the Group-A gainers at this time, among others.
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The Equity market has opened on the green note on Thursday. Market extend gains in the morning trade with the Sensex rising more than 150 points after two days consolidation and despite the correction in Asian cues. At 11.15 AM, BSE Sensex is trading at 31405 up 159 points or 0.51 percent, while Nifty is trading at 9676 up 39 points or 0.40 percent.