SREI Infrastructure Finance plans $1 billion fund

May 16, 2011 / 14:43 IST

26 Aug, 2025 12:21

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SREI Infrastructure Finance Ltd plans to raise $500 million-1 billion from foreign investors for a dedicated fund to be set up by March next year to invest in Indian infrastructure projects, its chairman said in an interview on Monday.

The company's profits will likely grow at 25-30% in the fiscal year ending March 2012, though a slew of rate hikes by the Reserve Bank of India will slow down the momentum of the sector, Hemant Kanoria told Reuters.

first published: May 16, 2011 12:13 pm

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