Shriram Transport Finance Company (STFC) is considering raising of funds by way of issue of redeemable nonconvertible 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 concerned committees viz. the Banking and Finance Committee, Debt Issuance Committee, Bond Issuance Committee, Allotment Committee- NCDs will be held to consider and approve the issue and allotment of redeemable non-convertible debt securities during the month ending March 31, 2021, as per their respective terms of reference, subject to such terms and conditions including the issue price of debt securities, as the said 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.
