Shriram Finance Ltd.

Shriram Transport Finance Company has raised Rs 25 crore on private placement basis. The Allotment Committee - NCDs of the Company in its meeting held on August 22, 2017 has approved and allotted 250 Secured Redeemable Rated Listed Non-Convertible Debentures (NCDs) of face value of Rs 10 lakh each, aggregating to Rs 25 crore.

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.