Shriram Transport Finance Company has raised Rs 50 crore by issuing bonds on private placement basis. The allotment committee of the company in its meeting held on December 07, 2021, has approved and allotted Senior secured rated, listed principal protected market linked redeemable Nonconvertible debentures (NCD) on Private placement basis for an issue size of Rs 50 crore plus green shoe option of Rs 50 crore. The Proceeds of the issue will be utilized for financing of Commercial Vehicles, refinancing of existing debt and other general purposes of the company.
Shriram Transport Finance Company is a flagship company of the Chennai-based Shriram group and is classified as deposit taking Asset Financing NBFC.
