Shriram Finance Ltd.

Shriram Transport Finance Company has raised Rs 350 crore by issuing bonds on private placement basis. The company has allotted 3,500 secured redeemable non-convertible debentures (NCDs) of Rs 10 lakh each, aggregating to Rs 350 crore on private placement basis.

Shriram Transport Finance is a flagship company of the Chennai-based Shriram group and is classified as deposit taking Asset Financing NBFC. The company was with an objective to provide hire purchase and lease finance for the medium and heavy commercial vehicles to individual truck operators.