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Merger And Acquisitions | September 06, 2013
#38759

SREI scouts for distressed power, road projects

Diversified SREI Group is planning to acquire distressed assets in power and road sectors and it is now scouting for such projects put for distress sale. The company is interested in assets which have already undergone a credit restructuring or lenders or promoters are ready to exit. SREI Finance runs 28,000 service centres spread over West Bengal, Bihar, Odisha, Assam, parts of Tamil Nadu and Eastern UP.


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