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Shriram Transport Finance planning to raise funds

20 Apr 2018 Evaluate

Shriram Transport Finance Company is planning to raise funds by way of issue of redeemable non-convertible debentures/subordinated debentures (public issue/private placement basis), rupee dominated bonds/notes in off-shore markets (Masala Bonds), External Commercial Borrowing (ECB) and other methods of borrowing for purpose of business of the company during the financial year 2018-19. The meeting of the board of directors of the company will be held on April 27, 2018, to consider the same.

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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