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

Shriram Transport raises Rs 300 cr via NCDs

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.