Shriram Transport Finance raises Rs 42 crore through NCDs
25th Sep 2020

Shriram Transport Finance Company has raised Rs 42 crore through senior secured rated, listed principal protected market linked redeemable Non convertible debentures (NCD) and allotted 420 Debenture having face value of Rs10,00,000 each on private placement basis.

The Allotment Committee - NCDs of the Company in its meeting held on September 25, 2020 has approved and allotted the same.

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