Shriram Transport Finance Company has allotted Secured Rated Listed Partly paid, Redeemable, Non-Convertible debentures (NCD) of face value of Rs10 lakh each on private placement basis. The issue size is Rs 150 crore with tenure of 725 days from the date of allotment.
Shriram Transport Finance Company is a flagship company of the Chennai-based Shriram group and is classified as deposit taking Asset Financing NBFC.