Shriram City Union Finance gets nod to raise Rs 300 crore
15th Jun 2022

Shriram City Union Finance has received approval to raise up to Rs 300 crore by issuing debt securities on a private placement basis. In this regard the company is all set to issue of principal-protected market-linked non-convertible debentures (PP-MLD) for an amount of Rs 50 crore (base issue size) with a green shoe option up to Rs 250 crore aggregating up to 3,000 PP-MLDs. The banking and securities management committee of the company had at its meeting held on June 14, 2022 has approved the same.

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