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Shriram Transport Finance planning to raise funds

29 Dec 2020 Evaluate

Shriram Transport Finance Company (STFC) is considering raising of funds by way of issue of debt securities in onshore/offshore market by private placement basis and/or public issue subject to market conditions and in this regard the meeting of the Banking and Finance Committee/Debt Issuance Committee / Bond Issuance Committee will be held to consider and approve such issuances of debt securities during the month ending January 31, 2021, subject to such terms and conditions including the issue price of debt securities, as the respective committees may deem fit.

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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