Shriram Transport Finance allots NCDs on private placement basis; Stock dives 3%

The two options include 2250 NCDs aggregating to 225cr and 16k NCDs aggregating to Rs1600cr. The face value of NCD is Rs10 lakh.

Jun 18, 2021 10:06 IST India Infoline News Service

Shriram Transport Finance
Shriram Transport Finance Company Limited Allotment Committee - NCDs allotted senior secured rated, listed, redeemable, Non-convertible debentures (NCD) of the face value of Rs10 lakh each on a private placement basis

The NCDs issued under two options of 2250 NCDs aggregating to 225cr and 16k NCDs aggregating to Rs1600cr.

The company also informed in a separate filing that it has bought back redeemable NCDs issued by the company on private placement basis on June 17, 2021 The proposed NCDs are 4097 of face value of Rs10 lakhs. The buyback price is Rs10,29,057 per NCD aggregating to Rs4,21,60,46,529 plus accrued interest of Rs16,22,41,200.

At around 10.48 am, Shriram Transport Finance Company Ltd was trading at Rs1,367.70 per piece down by Rs43.25 or 3.07% from its previous closing of Rs1,410.95 per piece on the BSE.

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