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Business OverviewShriram Transport Finance Company Ltd is a part of the SHRIRAM Group conglomerate which has a significant presence in the financing business. STFC is engaged in the business of commercial vehicle financing mainly focusing on trucks from preowned to new ones. It's a Deposit-taking NBFC comprising 1,758 branches, 831 rural centers, and partnerships with ~500 private financiers.
Shriram Finance received an [ICRA]AAA; Stable rating for its new Rs. 5,000 Cr Non-Convertible Debenture (NCD) program. ICRA also reaffirmed the existing NCDs (Rs. 2,975 Cr) and Fixed Deposit program at [ICRA]AAA; Stable. This reflects SFL's market leadership, strong capital base bolstered by a Rs. 39,618 Cr MUFG infusion, and...