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Srei Group's Rescue Plan Hangs By A Thread—BQ Exclusive
Despite initial interest from global investors, Srei Group's worries continue
31 Aug 2021, 06:57 AM IST
Infrastructure financier Srei Group has received a resolution plan from U.S.-based Arena Investors to buy majority equity stake in Srei Equipment Finance Ltd., two people with direct knowledge of the matter said. Out of at least seven investors who had expressed their interest in Srei Equipment Finance in June, only one bidder has submitted the bid so far. BloombergQuint had previously reported that investors including Makara Capital...
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