Shriram Finance Ltd.

Shriram Transport Finance Company has raised Rs 50 crore through the allotment of senior secured rated, listed, redeemable, Non-convertible debentures (NCDs) of face value of Rs 10 lakh each on private placement basis. 100% of the Proceeds of the issue will be utilized for financing of Commercial Vehicles, refinancing of existing debt and other general purposes of the company. The Allotment Committee - NCDs of the Company in its meeting held on March 23, 2022, approved and allotted the same. 

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