The Board of Directors of Srei Infrastructure Finance Limited (BSE:523756) agreed to spin-off equipment finance business of Srei Infrastructure Finance Limited on January 21, 2019. The transaction will result in listing of the equipment finance business through a composite scheme of arrangement and amalgamation. The transaction is subject to regulatory, statutory and other necessary approvals. The Board of Directors of Srei Infrastructure Finance Limited at a meeting held on January 21, 2019, approved the demerger and listing of its equipment financing business. The transaction is value accretive for shareholders as they will have monetizable assets in form of listed shares of both the businesses. The transaction will lead to substantial increase in net shareholders’ fund and allow shareholders of Srei Infrastructure Finance Limited to directly hold shares of both infrastructure finance and equipment finance businesses.