Shriram Transport Finance approves Rs100cr fundraising through debt securities

The company has allotted NCDs of the face value of Rs10 lakh each on a private placement basis.

Feb 23, 2021 04:02 IST India Infoline News Service

Shriram Transport Finance Company
Shriram Transport Finance Company Limited board has given nod to fundraise of Rs100cr through debt securities on Tuesday. The company has allotted senior secured rated, listed principal-protected market-linked redeemable Non-convertible debentures (NCDs) of the face value of Rs10 lakh each on a private placement basis.

The company stock on Tuesday ended at Rs1,377.70 per piece up by Rs18.05 or 1.33% from its previous closing of Rs1,359.65 per piece on the BSE.

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