Shriram Finance Ltd.

Shriram Transport Finance Company has raised Rs 3200 crore by issuing bonds on private placement basis. The allotment committee of the company in its meeting held on March 30, 2021, has approved and allotted Senior, Secured, Rated, Listed, Redeemable, Non-Convertible Debentures (NCDs) on Private placement basis for an issue size of Rs 3200 crore. The Proceeds of the issue will be utilized for financing of commercial vehicles, refinancing of existing debt and other general purposes of the company.

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