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Srei Infrastructure Finance plans $50-m GDR to fund expansion.
(From Business Line)
Kolkata, March 10 - THE board of directors of Srei Infrastructure Finance Ltd (SIFL), formerly Srei International Finance, which met here on Thursday after the company's extraordinary general meeting, has approved an issue of global depository receipts (GDRs) in the international market up to $50 million plus a permissible green shoe or over-allotment option.
According to informed sources, this may be preparatory to seeking a listing on a major stock exchange like the London Stock Exchange.
It is learnt that the company was now talking to several international investment bankers, and the entire programme is likely to be tied up …
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