Srei Equipment Finance to get investment from Cerberus Global Investments
Srei Equipment Finance (SEFL), a fully-owned subsidiary of Srei Infrastructure Finance, is set to get investment from private investment firm Cerberus Global Investments.
In this regard, Cerberus Global Investments issued an expression of interest (EoI) for the Indian infrastructure financing services provider.
The amount to be infused by the global private investment firm has not been revealed.
Earlier this month, Srei Equipment Finance had received EoIs for capital infusion of around $250 million from Arena Investors and Makara Capital Partners.
Srei Equipment Finance to get investment from Cerberus Global Investments. Photo courtesy of aymane jdidi from Pixabay.
The infrastructure financing services provider has moved ahead with talks with Arena Investors and Makara Capital Partners. The company’s strategic coordination committee is presently engaged in discussions with the private equity funds for infusing capital into the business.
The proposed infusion of capital, which is being parallelly executed to the firm’s debt realignment plan, is anticipated to give cushion against the Covid-19 pandemic induced stress in the Indian financial services sector.