Shriram Transport Raises ₹ 1,830 Cr Via Bonds
Shriram Transport Finance Company today said it has raised ₹ 1,830 crore by issuing bonds on a private placement basis.
The company said it has issued secured, redeemable non-convertible debentures on private placement basis for an issue size of ₹ 1,830 crore.
Shriram Transport Finance provides commercial vehicle financing, consumer finance, insurance business, stock broking and distribution of financial products.
The NCDs are being offered with four different options with varying maturity time and coupon rate.
The company has not said how it will use the proceeds raised from this NCD issue.
The stock closed 0.22 per cent up at ₹ 1,401.55 on the BSE.
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