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Shriram Transport Finance raises Rs 77.70 crore through NCDs

05 Mar 2022 Evaluate

Shriram Transport Finance Company has raised Rs 77.70 crore through allotment of senior secured rated, listed, principal protected market linked, redeemable, Non-convertible debentures (NCDs) of face value of Rs 10 lakh each on private placement basis. 100% of the Proceeds of issue will be utilized for financing of Commercial Vehicles, refinancing of existing debt and other general purposes of the company as mentioned in term sheet. The Allotment Committee - NCDs of the company in its meeting held March 04, 2022, approved and allotted the same.

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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