Shriram Transport Finance Company (STFC) has raised Rs 25 crore through senior secured rated, listed principal protected market linked redeemable Non-convertible debentures (NCDs) and allotted 250 NCDs having face value of Rs 10 lakh each on private placement basis. The Allotment Committee - NCDs of the Company in its meeting held on December 22, 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.