Shriram Finance Ltd.

Shriram Transport Finance Company has raised Rs 50 crore by issuing bonds on private placement basis. The allotment committee of the company in its meeting held on June 1, 2021, has approved and allotted senior secured rated, listed, principal protected market linked redeemable, Non-convertible debentures (NCD) of face value of Rs 10,00,000 each on private placement basis for an issue size of Rs 50 crore plus green shoe option of Rs 25 crore. 

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