Shriram Finance Ltd.

Shriram Transport Finance Company has received approval to raise funds through the allotment of 3,64,85,186 secured redeemable Non-Convertible Debentures (NCDs) of face value of Rs 1,000 each with regard to the Public Issue of NCDs with a Base Issue Size of Rs 1,00,000 lakh with an option to retain over subscription up to Rs 4,00,000 lakh aggregating up to Rs 5,00,000 lakh by Tranche- I Issue.

Shriram Transport Finance Company is a flagship company of the Chennai-based Shriram group and is classified as deposit taking Asset Financing NBFC.