Indian infrastructure financing services provider Srei Infrastructure Finance Ltd. revealed that its board has given a green light for the demerger and 2,000 crore rupees ($280 million) listing of its equipment financing business.
The company said that the transaction will help add on the capital of both its infrastructure finance and equipment finance businesses.
The plan to demerge the two businesses and list the equipment financing business is anticipated to further inject about $70 million in the equipment finance business.
The move will lead to a steady rise in net shareholders’ fund and allow Srei Infrastructure’s shareholders to directly hold shares of both infrastructure finance and equipment finance businesses.