Shriram City Union Finance has received an approval for the issuance of Redeemable Secured Non-Convertible Debentures (NCDs) on private placement basis, of face value of Rs 10,00,000 each for an amount of Rs 10 crore (Base Issue size) with green shoe option up to Rs 490 crore aggregating up to 5,000 NCDs amounting to Rs 500 crore in one or more tranches as fully paid-up. The Banking and Securities Management Committee of the company at its meeting held on February 13, 2020 has approved the same.
Shriram City Union Finance is India’s premier financial services company specializing in small-ticket retail finance.
