Shriram Finance Ltd.

BSE: 511218 | NSE: SHRIRAMFIN
Large Cap | Finance - NBFC
841.00
9.20 (1.11%)
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Shriram Transport Finance raises funds under MTN Programme

Date: 09-03-2018

Shriram Transport Finance has raised funds worth Rs 650 crore. The Debt Issuance Committee on March 08, 2018 has issued and allotted Rs 650 crore 8.10% p.a. Notes 2023 Payable in US Dollars under the Rs  5000 crore Medium Term Note (MTN) Programme.

Shriram Transport Finance Company 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.