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Srei Infrastructure is planning to buy-back its long term infrastructure bonds which were issued in 2011.
The bonds are in the form of secured, redeemable, non-convertible debentures that have benefits under section 80 CCF of the Income Tax Act.
The company has said in a regulatory filing that it is ensuring the board meeting is scheduled for August 6.
It said that “The Board of Directors of the company shall consider the proposal to buyback of the long term infrastructure bonds….under shelf prospectus and tranche 1 prospectus dated December 28, 2011 and field with the Registrar of Companies, West Bengal.”
