Shriram Transport Finance raises Rs100cr through allotment of NCDs

The company allotted 1000 NCDs of the face value of Rs10 lakhs each on a private placement basis.

Jul 28, 2021 10:07 IST India Infoline News Service

Shriram Transport Finance
Shriram Transport Finance Company Limited on Tuesday allotted 1000 senior, secured rated, listed, redeemable, Non-convertible debentures (NCDs) of the face value of Rs10 lakhs each on a private placement basis for an issue size of Rs100cr plus green shoe option of Rs250cr.

The company had raised Rs225cr through allotment of NCDs in the same series on June 17, 2021.

At around 10.14 AM, Shriram Transport Finance Company Ltd was trading at Rs1,358.50 per piece down by Rs6.95 or 0.51% from its previous closing of Rs1,365.45 per piece on the BSE.

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