Tuesday , October 19 2021

Shriram Transport Finance raises Rs 250 crore via NCDs

Shriram Transport Finance Company has raised funds worth Rs 250 crore. The Allotment Committee – NCDs of the company in its meeting held on November 20, 2018, approved and allotted 2500 Secured Redeemable Rated Listed Non-Convertible Debentures (NCDs) of face value of Rs 10,00,000 each aggregating to Rs 250 crore on private placement basis.

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

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