Shriram City Union Finance has received approval for issue of Redeemable Rated Listed Secured Non-Convertible Debentures (NCDs) on private placement basis, of face value of Rs 1,00,000 each for an amount of Rs 75 crore (Base Issue size) with green shoe option up to Rs 525 crore aggregating up to 60,000 NCDs amounting to Rs 600 crore in one or more tranches as fully paid-up (issue). The Banking and Securities Management Committee of the company at its meeting held on March 02, 2020 has approved the same.
Shriram City Union Finance is India’s premier financial services company specializing in small-ticket retail finance.
