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Shriram Transport Finance raises Rs 25 crore through NCDs

22 Dec 2020 Evaluate

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.

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