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Tuesday, September 17, 2019

Srei seeks Sebi, RBI nod to buy back NCDs from retail investors

Srei seeks Sebi, RBI nod to buy back NCDs from retail investors
According to Srei, the proposed step to consolidate its lending business into one entity is an attempt to create a long-term structure to be ready for “merger or conversion into a bank” and roping in strategic investors in order to be able to continuously get access to capital for further growth.

Source: TFE