Shriram City Union Finance gets nod to raise Rs 150 crore via NCDs
5th Sep 2020

Shriram City Union Finance has received an approval for the issuance of redeemable secured non-convertible debentures (NCDs) on private placement basis, of face value of Rs 10 lakh each up to 1,500 NCDs amounting to Rs 150 crore, in one or more tranches. The Banking and Securities Management Committee (Committee) of the company at its meeting held on September 4, 2020 has approved the same.

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