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SREI jumps 19%, BNP Paribas to pick up 5% stake in co

"Srei Infra, BPLG, Srei Equipment Finance (SEFL), Hemant Kanoria and Sunil Kanoria have entered into a share purchase agreement whereby BPLG has agreed to acquire 2.5 crore equity shares of SREI, representing 5 percent equity capital," says the non-banking finance company in its filing to exchanges.
Srei Equipment Fin plans to raise up to Rs 500cr via NCDs

The money raised through the issue will be used to fund the company's growth plans for infrastructure equipment financing.

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