The share price of SREI Infrastructure Finance (SEFL) raised 5% intraday Tuesday as the company’s subsidiary (arm) got observation letter from the market regulator the Securities and Exchange Board of India (SEBI) to float its IPO.

SEFL, an owned subsidiary of a company has finally got a go-ahead signal from the market regulator SEBI in regards to the DRHP submitted by the company.

The Initial Public Offering of Srei Equipment Finance Ltd. can open for the subscription within a one-year time duration from the date of issuance described on the observation letter.

At 3:59 PM, 11 September 2018, the share price was quoting INR 50.60 up INR 0.10 or 0.20%. Today, the lowest price of a share was INR 50.15 and the highest price was INR 52.80.

About SREI Infrastructure Finance:

SEFL is one of the largest Holistic Infrastructure institutions based in India. It consistently and constantly provides creative and innovative solutions in the infrastructure sector.