Shriram City Union Finance has received an approval for the issuance of non-convertible debentures (NCDs) for an amount of Rs 100 crore with green shoe option up to Rs 100 crore, aggregating up to 2,000 NCDs amounting to Rs 200 crore. The bonds will be in the nature of secured, rated, listed, redeemable, principal protected market linked debentures (PP-MLD). The NCDs will be issued on a private placement basis in one or more tranches. The banking and securities management committee of the company at its meeting held on December 14, 2020 has approved the same.
Shriram City Union Finance is India’s premier financial services company specializing in small-ticket retail finance.
