Shriram Transport Finance Company has raised funds worth Rs 250 crore. The Allotment Committee - NCDs of the company in its meeting held on November 20, 2018, approved and allotted 2500 Secured Redeemable Rated Listed Non-Convertible Debentures (NCDs) of face value of Rs 10,00,000 each aggregating to Rs 250 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.