Hemant Kanoria, Chairman and Managing Director of Srei Infrastructure Finance informed that the firm would raise $500 million through its infrastructure debt fund.
Srei would deploy the funds on the sub sectors which provide good regulatory clarity like toll roads, power transmission etc.
The company would launch the fund through the MF route as early as January next year as the company has already received the Certificate of Registration from market regulator Sebi, reports suggest.
Kanoria said the firm would be targeting fourth quarter of FY'13 for the fund launch wherein investments from the fund can be made only after the closure of New Fund Offer (NFO) as per MF regulation.
The subscription from investors will be obtained via NFO of the scheme and the fund will focus on large investors as the minimum subscription for the fund is Rs 1 crore.
Today, infrastructure sector has good demand of funds and investment opportunities exist in projects at various stages such as brown-field expansion and completed projects.
Srei intends to mitigate risk by focusing on companies or group with good credit profile and track record, Kanoria said.