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Shriram Transport Finance raises Rs 50 crore through NCDs

23 Mar 2022 Evaluate

Shriram Transport Finance Company has raised Rs 50 crore through the allotment of senior secured rated, listed, redeemable, Non-convertible debentures (NCDs) of face value of Rs 10 lakh each on private placement basis. 100% of the Proceeds of the issue will be utilized for financing of Commercial Vehicles, refinancing of existing debt and other general purposes of the company. The Allotment Committee - NCDs of the Company in its meeting held on March 23, 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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