Shriram City Union Finance gets nod to raise Rs 90 crore
22nd Jun 2022

Shriram City Union Finance has received an approval for the issuance of Secured Rated Listed Redeemable Non-Convertible Debentures (NCDs) of face value of Rs 10,00,000 each at a re-issue price of Rs 10,05,815.58 each for an amount of Rs 50 crore with green shoe option upto Rs 40 crore amounting to Rs 90 crore as one or more issuances, in one or more tranches either as fully paid up or partly paid-up on private placement basis. The banking and securities management committee of the company had at its meeting held on June 22, 2022 has approved the same.

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