Page 3 - Srei
Srei's great leap back underlines high-risk nature of NBFC business
In the past three decades, the Kanorias have weathered many a crisis, including the NBFC crisis of the 1990s and the global financial crisis in 2008-09
 "Srei's great leap back underlines high-risk nature of NBFC business")
Top headlines: HC rejects Srei plea; India opens doors for foreign tourists
Business Standard brings you the top headlines on Thursday
 "Top headlines: HC rejects Srei plea; India opens doors for foreign tourists")
The Kolkata-based family behind Srei Infrastructure
The RBI recently superseded the boards of Srei Infra and Srei Equipment Finance. While the situation is still developing, we delve into the background of the family behind the business
 "The Kolkata-based family behind Srei Infrastructure")
Lenders to make Rs 5,000-crore provisions for Srei bad loans, say bankers
The banks will set aside around 15 per cent provision for secured loans. It would be higher for unsecured credit
RBI-appointed Srei administrator assures job security to employees
Group to restart business soon; to focus on recovery
Superseding boards of two Srei companies not to roil markets, say bankers
The RBI on Monday superseded the boards of Srei Infrastructure Finance and Srei Equipment Finance
New order for NBFCs
RBI's timely action on Srei shows willingness to use its powers
RBI supersedes boards of 2 Srei companies; insolvency process to begin soon
Ex-BoB official named administrator of the companies
 "RBI supersedes boards of 2 Srei companies; insolvency process to begin soon")
RBI names advisory committee to assist administrator of 2 Srei group firms
Srei group, which mainly caters to the MSME and infrastructure sectors, owes around Rs 18,000 crore to around 15 lenders
 "RBI names advisory committee to assist administrator of 2 Srei group firms")
Srei Equipment Finance appoints KPMG, DMKH & Co for forensic audit
The company has been in discussions with lenders for debt realignment. But lenders are unlikely to approve it without a forensic audit
 "Srei Equipment Finance appoints KPMG, DMKH & Co for forensic audit")
NCLAT removes stay on Reserve Bank of India action against Srei group
NCLT had passed an order preventing regulatory authorities from taking any coercive steps against the company
Lakshmi Vilas Bank gets indicative non-binding offer from Clix Group
The bank's weakening performance, rising slippages in corporate book and the impact on profitability and risk-weighted asset portfolio may further increase capital requirement
 "Lakshmi Vilas Bank gets indicative non-binding offer from Clix Group")
Recoveries from Odisha Slurry Pipeline under CIRP could be low: Srei fund
IGOF has written to the resolution professional and the committee of creditors, requesting that OSPIL be withdrawn from CIRP
 "Recoveries from Odisha Slurry Pipeline under CIRP could be low: Srei fund")
Srei's growth slowing down over weak market sentiment: Group chairman
The share of infrastructure project finance is expected to further come down to 10-15 per cent in the coming years, he said
 "Srei's growth slowing down over weak market sentiment: Group chairman")
Srei Infra moves regulators for buyback of NCDs from retail investors
Says buyback will prevent market operators from trying to get investors to sell their holdings at a deep discount, and will also make the exit route simpler
 "Srei Infra moves regulators for buyback of NCDs from retail investors")
Srei to merge all its lending biz in a bid to become a universal bank
Srei Infra Finance will remain holding company for lending entity Srei Equipment Finance, which will now only offer fee-based services
 "Srei to merge all its lending biz in a bid to become a universal bank")
SREI to ink $500 million venture with Russia's VEB
We are looking at half a billion dollars to do a memorandum of understanding with them, says Kanoria
Srei convenes Deccan Chronicle EGM, proposes appointment of 5 new directors
Hyderabad, 28 February: In an apparent move to take over the management of the debt-ridden Deccan Chronicle Holdings Private Limited (DCHL), Kolkata-based Srei Infra Finance Limited (SIFL), which is one of its lenders and also claimed to be the single largest shareholder, has convened an Extraordinary General Meeting on March 20, 2017 for appointment of five new directors on the board of DCHL besides proposing other agenda.Srei has asserted its right to hold the EGM in terms of Section 100(4) of the Companies Act, 2013, stating that the DCHL board has not been able to convene EGM even though it had sent a valid requisition dated December 20, 2016, in terms of the requisition within the statutorily prescribed time.This is the second attempt of Srei aimed to take control of the management of the beleaguered media company, whose original promoters had been facing a host of civil and criminal charges after they defaulted on repayment of around Rs 4,000-crore loans to dozens of banks and .
Srei Q1 net more than doubles to Rs 51 crore
Consolidated assets under management stood at Rs 35,478 crore as on June 30
 "Srei Q1 net more than doubles to Rs 51 crore")
Srei Infra signs share swap deal with BNP Paribas
Post deal, consolidated net worth of Srei Infra would double from nearly Rs 2,700 cr earlier to about Rs 4,800 cr
 "Srei Infra signs share swap deal with BNP Paribas")
