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Shriram Transport Finance raises Rs 80 crore on private placement basis

14 Nov 2017 Evaluate

Shriram Transport Finance Company has raised Rs 80 crore on private placement basis. The Allotment Committee - NCDs of the Company in its meeting held on November 13, 2017, approved and allotted 800 Secured Redeemable Rated Listed Non-Convertible Debenture of face value of Rs 10 lakh each, aggregating to Rs 80 crore on private placement basis.

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.


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