Shriram City Union Finance has informed that the Banking and Securities Management Committee (Committee) of the Company has at its meeting held today Friday, September 4, 2020 among other items have approved the issue of Redeemable Secured Non-Convertible Debentures (SNCDs) on private placement basis, of face value of Rs 1,000,000 each up to 1500 SNCDs amounting to Rs 150 crores in one or more tranches as fully paid-up (Issue). This is intimation under Regulation 30 and other applicable regulations of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended from time to time. The meeting of the Committee commenced at 10.30 hrs and concluded at 11.30 hrs.
The above information is a part of company’s filings submitted to BSE.
