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Shriram Finance Ltd.
BSE: 511218 | NSE: SHRIRAMFIN
Large Cap | Finance - NBFC
901.75
32.55 (3.74%) Shriram Transport Finance Company gets nod to raise fund via redeemable NCDs
Date: 07-05-2013Shriram Transport Finance Company has received an approval for raising of funds by way of a public issue of secured, redeemable non-convertible debentures (NCDs) not exceeding Rs. 2000 crore in one or more tranches, pursuant to the provisions of the SEBI (Issue and Listing of Debt Securities) Regulations, 2008
The board at its meeting held on May 07, 2013 has approved for the same
Shriram Transport Finance is the flagship company of the Chennai-based Shriram group and is classified as deposit taking Asset Financing NBFC. The company was with an objective to provide hire purchase and lease finance for the medium and heavy commercial vehicles to individual truck operators.