Lenders of twin Srei companies passed resolutions to lower the earnest money deposits (EMD) to ₹50 crore from ₹150 crore and the performance bank guarantee to a minimum of ₹300 crore from ₹500 crore. Srei administrator Rajnish Sharma invited lenders to vote on a proposal to float a new RFP, which lenders voted on September 17.
