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Shriram Transport Finance raises nearly Rs 2,000 crore via QIP

14 Jun 2021 Evaluate

Shriram Transport Finance (STFC) has raised Rs 1,998.98 crore through its qualified institutional placement (QIP) issue. The issue, which was launched on June 7, 2021, received 6.3 times oversubscription.

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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