Srei Infra seeks Sebi nod to raise Rs. 150 cr via NCDs.

Srei Infrastructure Finance Ltd. has sought market regulator Sebi's approval to raise up to Rs. 150 crore through non-convertible debentures (NCDs) for use towards its financial activities.

Srei plans to garner Rs. 75 crore through secured, redeemable NCDs of face value of Rs. 1,000 and would have the option to retain over- subscription of up to Rs. 75 crore, the company said in a draft prospectus filed with the Securities and Exchange Board of India (Sebi).

BS