Shriram City Union Finance gets nod to raise Rs 50 crore via NCDs
15th Jul 2020

Shriram City Union Finance has received an approval for issuance of Redeemable Secured Non-Convertible Debentures (NCDs) on private placement basis, of face value of Rs 10,00,000 each up to 500 NCDs amounting to Rs 50 crore in one or more tranches as fully paid-up. The Banking and Securities Management Committee of the company at its meeting held on July 14, 2020 has approved the same.

Shriram City Union Finance is India’s premier financial services company specializing in small-ticket retail finance.