Shriram Transport Finance Company is planning to raise up to Rs 700 crore through Non-convertible Debentures (NCDs). The base size of the public issue is Rs 200 crore with an option to retain an additional amount of up to Rs 500 crore from oversubscription. The issue will open for subscription on January 7 and is scheduled to close on January 31.
The funds raised through this issue will be used for onward lending, financing, and for repayment or prepayment of the interest and principal of existing borrowings of the company and for general corporate purposes.
Shriram Transport Finance Company is a flagship company of the Chennai-based Shriram group and is classified as deposit taking Asset Financing NBFC.
Company Name | CMP |
---|---|
Bajaj Finance | 6748.25 |
Shriram Finance | 2375.35 |
Aditya Birla Capital | 225.25 |
SBI Cards AndPayment | 710.00 |
Chola Invest & Fin. | 1296.20 |
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