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Lenders Intend To Consolidate Srei Group's Two Insolvencies
Creditors push for a consolidated insolvency of Srei Group's lending arms.
18 Nov 2021, 09:36 AM IST i

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A dumper truck loaded with excavated iron ore rock exits an iron ore mine. (Photographer: Vincent Mundy/Bloomberg)
Financial creditors to Srei Group intend to pursue consolidated insolvency proceedings for its two non-bank lenders, according to four people in the know.A meeting is likely to be convened before the month-end where banks and other creditors with exposures to Srei Infrastructure Finance Ltd. and Srei Equipment Finance Ltd. will finalise the plan, the people told BloombergQuint on the condition of anonymity. A consolidated insolvency,...

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