Jobs |  Apartments  |INDIAN ONLINE SHOP IN JAPAN
Home
COLORS OF INDIA
Share |

Worldwide>>>INDIA JAPAN  Fri 28/07/2017 at 10:56 am
 

Business

.Top News |Economy |Today's Feature |Sports |INDO-US |Social |Travel |Business |Politics |Science & Tech |Fashion |Showbiz |Lifestyle |Medley |India Abroad |Health / Medical |Environment/Wildlife |Photo Feature |Video Coverage |TV & Media |Culture |Commentary |Religion |Crime & Corruption |Education |Defence |External |Security |Entertainment |Agriculture |Terrorism |Real Estate |Accident |Human Rights |Weather |Law & Administration |Extremism |Transport / Automobiles |Violence |Telecom |Food & Beverages |Foreign |Insurgency
Srei BNP Paribas eyes 10-15 pct growth
12 October, 2012   RANG DE INDIA IBNS NEWS SERVICE







Mumbai, Oct 11 (RDI): Srei Equipment Finance (Private) Limited, also known as, Srei BNP Paribas is all set to grow by 10-15 percent over last year's disbursement of Rs 12,710 crore, the company
Srei BNP Paribas is a 50:50 joint-venture between Srei Infrastructure Finance Limited, an Indian private sector Non Banking Financial Institution in the infrastructure space and BNP Paribas, France.

CEO, Srei Equipment Finance D K Vyas said that, "BNP Paribas and Srei Infrastructure have invested close to Rs 200 crore of equity in their Joint Venture Company - Srei Equipment Finance (Private) Limited."

"This will take the net worth of the Company to over Rs 1,660 crore. With higher capitalization, Srei Equipment Finance will expand its business multi-fold."

"Enhanced equity will strengthen the capital base of Srei Equipment Finance and with additional leveraging, will lead to further growth," he said.

"With the revival in economic sentiment, the additional equity investment augurs well for us. Being a market leader with over 30% market share in infrastructure and construction equipment financing, Srei Equipment Finance mirrors industry growth."

According to official reports, as of June 30, 2012 the asset under management of Srei Equipment Finance was over Rs 18,492 crore.

For any concern and query about the news email to readers@rangdeindia.jp



Rangdeindia.jp contains copyrighted material, trademarks and other proprietary information, including, but not limited to, text, software, photos, video, graphics, music and sound, and the entire contents of Rangdeindia.jp are copyrighted as a collective work under the Indian Copyright Act. Rangdeindia.jp owns a copyright in the selection, coordination, arrangement and enhancement of such content, as well as in the content original to it. Subscriber may not modify, publish, transmit, participate in the transfer or sale, create derivative works, or in any way exploit, any of the content, in whole or in part. Subscriber may download copyrighted material for Subscriber's personal use only.

Sponsored Links