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Shriram Transport Finance raises Rs 500 crore via NCDs

27 Feb 2020 Evaluate

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.

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