Shriram Transport Finance raises Rs 100 crore via NCDs
21st Oct 2020

Shriram Transport Finance Company (STFC) has raised Rs 100 crore by issuing bonds on private placement basis. The allotment committee of the company in its meeting held on October 20, 2020, has approved and allotted senior, secured rated, listed principal-protected market-linked redeemable non-convertible debentures (NCDs) of the face value of Rs 10 lakh each on private placement basis.

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