Shriram Transport Finances has raised Rs 2291.40 crore through Non-Convertible Debentures (NCDs). The allotment committee at its meeting held on March 27, 2018 has approved and allotted 22,914 Secured Redeemable Rated Listed NCDs of face value of Rs 10 lakh each 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.