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Article: BNP Paribas to invest Rs 775 cr in joint venture with SREI.
- Article from:
- PTI - The Press Trust of India Ltd.
- Article date:
- May 31, 2007
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BNP Paribas to invest Rs 775 cr in joint venture with SREI
Mumbai, May 31 (PTI) French company BNP Paribas Lease Group today announced Rs 775 crore investment in a joint venture company with SREI Infrastructure Finance for equipment finance in the country.
"BNP Paribas Lease Group will infuse Rs 775 crore in the company toward capital contribution," SREI Vice-Chairman and Managing Director Hemant Kanoria told reporters here today.
Infrastructure equipment business and insurance broking would be carved out and would be managed by the JV company, Kanoria said. The company would be a 50:50 venture ...