Shriram Transport Finance raises funds via NCDs
22nd Aug 2019

Shriram Transport Finance Company has allotted 33,99,399 secured redeemable non-convertible debentures (NCDs) of face value of Rs 1,000 each, constituting the Tranche 1 NCDs offered by way of public issue in terms of the Tranche 1 Prospectus dated July 12, 2019. The company has also created security in favour of Catalyst Trusteeship as per the terms of the Prospectus.

The said NCDs will be listed on the National Stock Exchange of India and BSE.

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