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Shriram City Union Finance gets nod to raise Rs 150 crore via NCDs

05 Sep 2020 Evaluate

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 lakh each up to 1,500 NCDs amounting to Rs 150 crore, in one or more tranches. The Banking and Securities Management Committee (Committee) of the company at its meeting held on September 4, 2020 has approved the same.

Shriram City Union Finance is India’s premier financial services company specializing in small-ticket retail finance.

Peers
Company Name CMP
Bajaj Finance 1107.50
Shriram Finance 1000.00
Aditya Birla Capital 419.55
Tata Capital 356.75
Chola Invest & Fin. 1862.50
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