SREI Shares Fell By 14%

SREI Shares Fell By 14%According to reports, in the recent business share profit index, India's SREI Infrastructure Finance shares were recorded with a terrible fall of 14%.

However, after the loss, the Company officials claimed that the current loss statistics have certainly raised their monetary worries as now they have to again start from the scratch.

On the other hand, many of the market analysts believed that soon the Company would again achieve their previous top position in the business index.

Meanwhile, in order to make some quick loss recoveries, today the officials further declared that it had appointed the KPMG to take care of all the business related allegations linked with the Company's financial indiscretions relating to a tower company Viom Networks.

Sharing his views about the hire decision, SREI Infrastructure's Vice Chairman Sunil Kanoria, who also holds an important designation at Viom Networks, commented that the appointment verdict certainly was an important step, and he personally believed that the Company would get some incredible benefits from it, which would help to recover their current monetary failures.

He added, "It is a board-run company, a professionally run company and when we got (the letter) we decided to investigate, because we believe in corporate governance".