Shriram Transport Finance Company has raised up to Rs 500 crore through allotment of Rated, Listed, Secured, Redeemable, Non-Convertible debentures (NCDs) of face value of Rs 10,00,000 each on private placement basis. The Allotment Committee - NCDs of the company in its meeting held on February 26, 2020 has approved and allotted 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.