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Shriram Transport Finance gets approval to raise funds via NCDs

13 Jul 2018 Evaluate

Shriram Transport Finance Company has received approval to raise funds through the allotment of 3,64,85,186 secured redeemable Non-Convertible Debentures (NCDs) of face value of Rs 1,000 each with regard to the Public Issue of NCDs with a Base Issue Size of Rs 1,00,000 lakh with an option to retain over subscription up to Rs 4,00,000 lakh aggregating up to Rs 5,00,000 lakh by Tranche- I Issue.

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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