Shriram Transport Finance raises Rs100cr via allotment of NCDs

The company on Wednesday has allotted 1,000 Non-convertible debentures of the face value of Rs10 lakhs each on a private placement basis.

Aug 05, 2021 03:08 IST India Infoline News Service

Shriram Transport Finance Company
Shriram Transport Finance Company Limited on Wednesday has allotted 1,000 Non-convertible debentures (NCDs) worth Rs100cr.

“The Allotment Committee - NCDs of the company approved and allotted senior secured rated, listed, principal-protected market-linked redeemable, Non-convertible debentures (NCD) of the face value of Rs10 lakhs each on a private placement basis,” the company said in a filing on Thursday.

Towards close of trade on Thursday, Shriram Transport Finance Company Ltd was trading at Rs1,330.30 per piece up by Rs8.8 or 0.67% from its previous closing of Rs1,321.50 per piece on the BSE.

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