MoneyWorks4Me

Shriram Transport Finance planning to raise funds on private placement basis

31 Oct 2017 Evaluate

Shriram Transport Finance Company is considering raising of funds through various options of borrowings including by way of issue of securities in onshore/offshore market on 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 November 30, 2017 to consider and approve the terms and conditions of such borrowings.

Shriram Transport Finance is a flagship company of the Chennai-based Shriram group and is classified as deposit taking Asset Financing NBFC. The company was with an objective to provide hire purchase and lease finance for the medium and heavy commercial vehicles to individual truck operators.

Peers