Sub: Disclosure under Regulation 30, read with Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 <BR> <BR> Re: Proposed initial public offering of equity shares of our wholly owned subsidiary Srei Equipment Finance Limited ('SEFL')<BR> <BR> In relation to the captioned matter, we wish to inform you that the Board of Directors of SEFL, wholly owned subsidiary of the Company, at its meeting dated 17th August, 2017 has approved to evaluate, subject to approval of its board, shareholders, market conditions and receipt of requisite approvals from statutory and other authorities, an initial public offering (the 'IPO') of upto 25% of the post-issue paid-up equity share capital of SEFL. <BR> <BR> You are requested to take note of the same.<BR> <BR> Thanking you
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