Shriram Finance board to consider fund raising proposal via debt securities

28 Dec 2022 , 02:54 PM

Shriram Finance Limited has informed to the exchanges regarding Committee meetings for raising funds. 

As per the regulatory filing, it is informed that, the Company will consider raising of funds by way of issue of redeemable non-convertible debt securities including bonds in onshore/offshore market on private placement basis, subject to market conditions.

In this regard, the meeting of the concerned committees viz. the Banking and Finance Committee, Debt Issuance Committee and Allotment Committee- NCDs will be held to consider and approve the issue and allotment of redeemable non-convertible debt securities / bonds during the month ending January 31, 2023, the company said in a filing on Wednesday.

At around 2:50 PM, Shriram Finance was trading at Rs1374.95 per share lower by 0.26% on the BSE.

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