srei: Lenders invite fresh resolution plans for Twin Srei companies

Mumbai: Lenders to Srei Infrastructure Finance and Srei Equipment Finance have invited fresh resolution plans by October 15 after taking a decision to float a new Request for Proposal (RFP), a note circulated among the lenders showed. Lenders of twin Srei companies passed resolutions to lower the earnest money deposits (EMD) to ₹50 crore from … Read more

srei: Final bid deadline extended for 2 Srei cos

The administrator of the twin Srei companies has extended the deadline to submit the final bid for them by ten days to August 29, and revised the terms for the resolution applicants, said two people aware of the development. Late Friday evening, administrator Rajnish Sharma informed potential applicants about the deadline extension. He said the … Read more