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Shriram Transport Finance raises Rs 650 crore via NCDs

28 Nov 2018 Evaluate

Shriram Transport Finance has raised funds aggregating to Rs 650 crore on private placement basis through allotment of 6500 Rated, Unsecured, Subordinated, Taxable Non-Convertible debentures (NCD) of face value of Rs 10 lakh each.

The Allotment Committee - NCDs of the company at its meeting held on November 28, 2018 has approved 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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