Shriram Finance Limited — QIP/Rights/Pref., 28-01-2025: Allotment of Securities

Shriram Finance Limited has approved the allotment of 25,000 senior, secured, rated, and listed Non-Convertible Debentures (NCDs) under private placement, with a total issue size of ₹250 Crore and a green shoe option of ₹500 Crore. These NCDs carry a fixed coupon rate of 9.10% per annum, with interest paid annually. The issue price per NCD stands at ₹1,08,740.43, including accrued interest. Proceeds will be utilized for augmenting long-term resources, refinancing existing debt, and meeting working capital needs, ensuring compliance with statutory requirements.