Srei re-affirms its sound financial standing to all its stakeholders

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Kolkata, September 27, 2018: Srei Infrastructure Finance Limited (“Srei”) took the opportunity to re-affirm to all its stakeholders today that the recent market developments in reference to NBFCs should not be considered while evaluating its stable financial health and prudent growth strategies.

Srei emphasised that it has been timely meeting its liability commitments to banks, financial institutions and investors. Srei including Srei Equipment Finance Limited has repaid all its debt obligations as on date without any delay and has enough liquidity to honour all its financial obligations. Further based on our asset-liability profile and liquidity position, there will not be any delay in repayment of any of our future financial obligations. It is pertinent to note that as on September 26, 2018, we have investments of Rs. 950 Crores in Liquid Mutual funds apart from liquidity from collections and available bank lines.

Commenting on the negative market sentiments, Mr. Sunil Kanoria, Vice Chairman,Srei, said, “At Srei we refrain from reacting to rumours or unfounded negative market sentiments. However, given the unrest created by people with vested interests, we would like to emphatically mention that Srei (including Srei Equipment Finance Limited) has been repaying all its debt without any delay, consistently for the last 3 decades and would continue to do so. Further, we have enough liquidity to honour our future obligations in time and we remain committed in maintaining our leadership position in the CME Financing sector.”

-ByOdishaAge

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