Shriram Finance Ltd.

Shriram Finance has raised Rs 35 crore through the allotment of senior, secured, rated, listed, redeemable, taxable Non-Convertible Debentures (NCDs) of face value of Rs 10,00,000 each on private placement basis. Date of maturity of said NCDs will be October 18, 2032.

The Proceeds of the issue will be utilized for onward lending to grow the asset book, financing vehicles such as commercial vehicles, two-wheelers vehicles, cars, home loans, gold loans, personal and small business loans, refinancing of existing debt, other general purposes of the company. The Allotment Committee - NCDs of the company in its meeting held on February 14, 2023, has approved and allotted the same.

Shriram Finance (Formerly Shriram Transport Finance Company) is one of the largest asset financing NBFC in the country and holistic finance provider for the commercial vehicle industry and seeks to partner small truck owners for every possible need related to their assets.