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Shriram Transport Finance gets approval for raising of funds

04 Apr 2019 Evaluate

Shriram Transport Finance Company has received an approval for raising of funds through upsizing the existing Medium Term Note Programme established for Rs 5,000 crore to a Global Medium Term Note Programme up to $ 2 billion by way of public/ private issue of debt securities in international markets and External Commercial Borrowings up to $750 million.

The Board of Directors of the company at their meeting held on April 03, 2019, 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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