chennai srei infrastructure finance limited srei has announced that it has decided to augment the capital of both its infrastructure finance and equipment finance businesses which will facilitate the businesses in maintaining and strengthening their current leadership positions furtherthe move will result in listing of the companys equipment finance business through a composite scheme of arrangement and amalgamation and give shareholders of srei an opportunity to directly participate in the high growth equipment finance sectorthe board of directors of srei at a meeting held on monday approved the scheme which is subject to regulatory statutory and other necessary approvalscommenting on the development hemant kanoria chairman and managing director srei said todays decision will lead to substantial increase in net shareholders fund and allow shareholders of srei to directly hold shares of both infrastructure finance and equipment finance businesses the move is value accretive for our shareholders as they will have monetizable assets in form of listed shares of both the businessesthe proposed capital augmentation scheme is expected to further infuse around rs 500 crore in our equipment finance business and will pave the way for multifold growth in its revenue and profit global and domestic investors will also be able to take advantage of the opportunities in the high growth equipment finance sector by directly investing in our equipment finance businessthe growth in the infrastructure space propelled by the governments substantial budgetary allocation in road irrigation mining railways ports affordable housing and other infrastructure subsectors has improved the growth prospects of infrastructure finance and equipment finance businesses in last few years there has been significant growth in sales of construction mining and allied equipment cme and the industry expects the demand to remain strong in coming years this has made the capital augmentation programme of both infrastructure finance and equipment finance businesses pertinent