Published on 17/07/2017 6:01:32 PM | Source: Dion Global Solutions Ltd.

Shriram Transport raises Rs 300 cr via NCDs

Posted in Stock Market | #Stock Market #NBFC #Shriram Transport Finance Company Ltd


Shriram Transport Finance on Monday said that the company has raised Rs 300 crore through allotted of Secured Redeemable Rated Listed Non-Convertible Debenture on private placement basis.

“The Allotment Committee - NCDs of the company in its meeting held today, approved and allotted 3000 Secured Redeemable Rated Listed Non-Convertible Debenture of face value of Rs 10 lakh each, aggregating to Rs 300 crore on private placement basis,” said Shriram Transport Finance in a filing to the Bombay Stock Exchange.

Meanwhile, shares of company closed days’ trade at Rs 1007.05 apiece, down 2.27 per cent, on the BSE.