Srei BNP Paribas raises 25 basis points

Srei BNP Paribas, which specialises in infrastructure and construction equipment financing, has announced a hike in its benchmark rate by 25 basis points, from 17.75 per cent to 18 per cent. The Company's Asset Liability Management Committee took this decision after reviewing the cost of borrowing. This has been necessitated because of the continuing increase in borrowing cost due to market and regulatory factors. Contact: Srei BNP Paribas. Tel: 033-6160 7734 Fax: 033-2285 7542. E-mail: corporate@srei.com Website: www.srei.com