Srei Infra Finance signs agreement of sale of shares in subsidiary TAIML to BIMPL; Stock under pressure

The company will receive a consideration of Rs1.33cr i.e. Rs166.23 per equity share.

Sep 14, 2021 11:09 IST India Infoline News Service

Srei Infrastructure Finance Limited has entered into an agreement of sale of shares in subsidiary company Trinity Alternative Investment Managers Limited (TAIML) to Backbay Investment Managers Private Limited (BIMPL)

The date of agreement of sale was September 10, 2021. The expected date of completion of sale/disposal Within 7 seven business days from the CP satisfaction certificate i.e. on or before 67 business days from the date of the agreement.

The company will receive a consideration of ~Rs1.33cr i.e. Rs166.23 per equity share.

BIMPL having its registered office at Beachwood House, Ground Floor Oberoi is into the business of an Asset Management Company acting as Manager, operator and administrator of Alternative Investment Funds registered with SEBI, company said in a filing on Monday.

At around 11.42 am, SREI Infrastructure Finance Ltd was trading at Rs8.32 per piece down by Rs0.14 or 1.65% from its previous closing of Rs8.46 per piece on the BSE.

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