Shriram City Union Finance is planning to issue and allot on Private Placement basis 6000 number of Secured Non Convertible Redeemable Debentures of face value of Rs 10 lakh each aggregating to Rs 600 crore. This will be considered by Banking and Securities Management Committee (the authorized committee of the Board of Directors) in its meeting scheduled to be held on September 7, 2018.
Shriram City Union Finance is engaged in non-banking financial services. The Company provides long-term home loans. It also offers a range of options for financing the purchase of two wheeler vehicles across manufacturers and brands.
