Srei Infrastructure Finance has completed the share swap deal with BNP Paribas.
Sunil Kanoria, the Vice chairman of Srei Infrastructure has said that the share swap was completed on June 17 which was announced in December.
He told that “In December, we had announced that Srei Infrastructure will buy out 50 percent stake in Srei Equipment from BNP Paribas and the latter would get 5 percent in Srei Infrastructure.”
He has further said that it was a pure share-swap deal and after the transfer, Srei Infrastructure would be able to consolidate 100 percent of Srei Equipment’s profits into the parent company.
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