Shriram Transport Finance planning to raise funds on private placement basis

Shriram Transport Finance Company is considering to raise funds through various options of borrowings including by way of issue of securities in onshore/offshore market by public issue and private placement basis.

Based on the market conditions the meeting(s) of Banking and Finance Committee/Debt Issuance Committee will be held during the next month ending December, 2018 to consider and approve the terms and conditions of issue of securities.

Shriram Transport Finance Company is a flagship company of the Chennai-based Shriram group and is classified as deposit taking Asset Financing NBFC.