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SREI Infrastructure’s BRNL receives Observation Letter from SEBI

SREI Infrastructure Finance’s Bharat Road Network (BRNL) has received Observation Letter from SEBI in regard to the Draft Red Herring Prospectus (DRHP) filed by BRNL. The proposed IPO of BRNL can open for subscription within a period of 12 months from the date of issuance of the aforesaid Observation Letter.

Bharat Road Network is a road BOT company in India, focused on development, implementation, operation and maintenance of roads/highways projects.

SREI Infrastructure Finance’s businesses include infrastructure equipment leasing and finance, infrastructure project finance, advisory and development, insurance broking, venture capital, capital market and Sahaj e -Village.

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