BNP unit picks up 5 pct stake in India's Srei Infra in lieu of JV shares

December 29, 2015 8:39 AM

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MUMBAI Dec 29 India's Srei Infrastructure Finance Ltd said BNP Paribas SA's leasing unit would acquire a 5 percent stake in the company in lieu of 50 percent ownership in an equipment financing joint venture.

Srei Infrastructure operates Srei Equipment Finance Ltd (SEFL) as a joint venture along with BNP Paribas unit BNP Paribas Lease Group.

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