Shriram Finance Ltd.

Shriram Tansport Finance Company is planning to raise about Rs 300 crore by issuing non-convertible debentures (NCDs). The NCD offering will open on July 26 and end on Aug 10. The face value of each NCD will be Rs 1,000. The interest rates on NCDs for retail investors will be 11.15% and 11.40%, for a period of three years and five years, respectively.

From this offering 80% is reserved for retail investors and 20% will be issued to corporates. For retail investors, 50% of the issue will be reserved for investors with an investment cap below Rs 5 lakhs and the rest will be allotted to investors with investment of Rs 5 lakhs and above.