India: Two PE funds mull capital infusion in Srei Equipment Finance

India: Two PE funds mull capital infusion in Srei Equipment Finance

Srei Equipment Finance CMD Hemant Kanoria (left) with vice chairman Sunil Kanoria. The Srei IPO is likely to be launched by February-March 2018. Photo: Indranil Bhoumik/Mint

Kolkata-based non-bank lender Srei Equipment Finance Ltd has received expressions of interest for capital infusion of up to $250 million from two private equity (PE) funds, US-based Arena Investors LP and Singapore’s Makara Capital Partners, it said on Thursday.

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