MoneyWorks4Me

Shriram Transport Finance Company raises Rs 700 crore through NCDs

19 Apr 2022 Evaluate

Shriram Transport Finance Company has raised Rs 700 crore through Senior, Secured, Rated, Listed, Redeemable, Non-Convertible Debentures (NCDs) on private placement basis and allotted 7000 NCDs having face value of Rs 10 lakh each. Date of maturity will be April 18, 2024. The allotment committee - NCDs of the company in its meeting held on April 18, 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.

Peers