Page 2 - Srei Infrastructure Finance

Reserve Bank of India retains advisory committee on Srei group companies

On October 04, 2021, RBI had constituted a three-member panel to assist Rajneesh Sharma, Administrator in discharge of his duties

RBI's decision to supersede Srei's board will prevent domino effect:Experts

NCLT on Friday admitted the insolvency pleas moved by banking sector regulator RBI against the two Srei Group firms and appointed an administrator to run the companies.

NCLT admits RBI application for initiating CIRP against Srei Infra

Rajneesh Sharma has been appointed administrator, but the order was not uploaded till the time of going to press

Seasoned banker with a plan: Meet Rajneesh Sharma, administrator, Srei

The important aspect of any lender is collections and repayment of dues. Sharma joined the bank as an advisor for the recovery. His experience in recovery will come in handy for the Srei group

RBI-appointed Srei administrator assures job security to employees

Group to restart business soon; to focus on recovery

Srei files writ petition in Bombay High Court against RBI

The matter will be heard on October 7

Srei Infra Fin hits 5% lower circuit as RBI supersedes company board

RBI superseded the board of the company, which will be taken for insolvency proceedings owing to governance concerns and payment defaults by them

We hadn't expected such retaliation by bankers: Hemant Kanoria of Srei

In a Q&A, the promoter and former chairman of Srei Infra says the firm had moved the NCLT to facilitate payment, account was not stressed

Sensex ends 446 pts higher, Nifty tops 17,800; RIL hits record high, up 2%

Stock market LIVE: On the sectoral front, barring Nifty Realty, Pharma, PSU Bank, all indices trade in the green

Explained: How a problem turned into crisis for Srei Infrastructure Finance

But those in the know say that trouble at Srei had been brewing for a while now

Stocks to watch: Srei Infra, ICICI Lombard, HFCL, Rail Vikas, Paras Defence

Realty firm Macrotech Developers on Monday said properties worth Rs 1,100 crore were sold last month in one of its projects in London and it expects to sell all inventories before 2023-24 fiscal year

Srei Infra CEO Rakesh Bhutoria steps down on salary issue: Company filing

Srei Infrastructure Finance (Srei) on Wednesday said its chief executive officer (CEO) Rakesh Kumar Bhutoria has resigned, mainly on account of the salary payment issue that has impacted team morale

Stocks to watch: Shree Cement, ZEEL, Voda Idea, Srei Infra Finance, ONGC

Ace investor Rakesh Jhunjhunwala's Rare Enterprises Ltd and BofA Securities Europe SA on Tuesday bought shares of Zee Entertainment Enterprises worth over Rs 225 crore

Stocks to watch: Hero Moto, NMDC, Coal India, Srei Infra Fin, TCS, Coforge

Motorcycle maker Royal Enfield, part of Eicher Motors, said its total sales increased 13 per cent YoY to 43,048 units in June

Srei Infrastructure Finance to raise up to Rs 2,500 crore equity capital

Plans to issue one or more instruments through public offer, QIP, private placement, preferential or rights issue

Srei Infra Finance jumps 20% on receiving EoI from Cerberus for subsidiary

Cerberus Global Investments joined two other prospective investors for infusing capital into Srei Equipment Finance

Srei Infra zooms 20% as arm receives EoI for $250 mn capital infusion

The company's Strategic Coordination Committee will coordinate, negotiate and conclude discussions with the PE investors to bring the capital into the business and advise the management

Stocks to watch: Airtel, Srei Infrastructure, Ashok Leyland, Infosys

Arindam Haldar has resigned as Chief Executive Officer of Thyrocare Technologies, for personal reasons

Srei Infra Finance Q3 loss at Rs 3,811 cr versus Rs 60 cr year-ago profit

Loss caused by higher provisioning coming on the back of a special audit conducted by RBI on the company and its subsidiary, Srei Equipment Finance

We hope investors will continue to support us: Hemant Kanoria of Srei Infra

In a Q&A, the company's chairman says the firm had to freeze interest payment and redemption of NCDs due to the pandemic and related regulatory approach