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Shriram Transport Finance raises Rs 50 crore through NCDs

17 Apr 2018 Evaluate

Shriram Transport Finance Company has raised Rs 50 crore through Non-Convertible Debentures (NCDs). The Allotment Committee - NCDs of the company in its meeting on April 17, 2018, has approved and allotted 500 Secured Redeemable Rated Listed NCDs of face value of Rs 10 lakh each aggregating to Rs 50 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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