Shriram City Union Finance has received an approval for the issuance of Secured Rated Listed Redeemable Principal Protected Market Linked Non-Convertible Debentures (PP-MLDs) of face value of Rs 10 lakh each for an amount of Rs 200 crore (Base Issue size) with green shoe option upto Rs 200 crore aggregating up to 4000 NCDs amounting to Rs 400 crore as one or more issuances, in one or more tranches either as fully paid up or partly paid-up on private placement basis. The banking and securities management committee of the company had at its meeting held on September 14, 2022 has approved the same.
Shriram City Union Finance is India’s premier financial services company specializing in small-ticket retail finance.
