SREI Infra shares dip 13% on RBI special audit

SREI Infra shares dip 13% on RBI special audit

SREI Infrastructure Finance share price declined over 13 percent intraday on November 13 after the firm informed that a special audit of the company and its subsidiary, Srei Equipment Finance Limited, is being undertaken by an auditor appointed by the Reserve Bank of India.

"We would like to inform you that a special audit of the company and its subsidiary, Srei Equipment Finance Limited, is being undertaken by an auditor appointed by Reserve Bank of India (RBI) in the exercise of its powers under Section 45 MA(3) of the RBI Act, 1934," the company said in an exchange filing.

The stock was trading at Rs 5.80, down Rs 0.91, or 13.56 percent at 14:00 hours. It has touched an intraday high of Rs 6.53 and an intraday low of Rs 5.66.