Shriram Transport Finance Company has raised Rs 250 crore by issuing bonds on private placement basis. The allotment committee of the company in its meeting held on January 05, 2021, has approved and allotted Rated, Listed, Senior, Secured, Redeemable, Non-Convertible Debentures (NCDs) on Private placement basis for an issue size of Rs 250 crore plus green shoe option of Rs 250 crore.
Shriram Transport Finance Company is a flagship company of the Chennai-based Shriram group and is classified as deposit taking Asset Financing NBFC.