BNP Paribas acquires 5 per cent stake in SREI

Srei Infrastructure Finance (SREI), Srei Equipment Finance Limited (SEFL) and the BNP Paribas Lease Group (BPLG) have entered into a share purchase agreement, whereby BPLG has agreed to acquire 25,154,317 equity shares of SREI, representing 5 per cent of the total paid-up equity share capital from the seller and in lieu thereof sell its entire shareholding of 29,830,000 equity shares of SEFL, representing 50 per cent of the total paid-up equity share capital, to SREI. The transaction is expected to be consummated by March 31, 2016. SEFL is a non-banking finance company registered with RBI.

GET ACCESS TO OUR ARTICLES

Enter your email address