Shriram City Union Finance gets nod to raise up to Rs 750 crore via NCDs
5th May 2022

Shriram City Union Finance has received approval to raise up to Rs 750 crore by issuing secured, rated, listed, redeemable, principal-protected and market-linked non-convertible debentures (NCDs) for an amount of Rs 100 crore. There will also be a green shoe option of up to Rs 650 crore. The debt capital will be raised in one or more tranches on a private placement basis. The Banking and Securities Management Committee (Committee) of the company at its meeting held on May 4, 2022 as approved the same.

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