Shriram Finance Limited — QIP/Rights/Pref., 13-01-2025: Allotment of Securities

Shriram Finance Limited has approved the allotment of senior, secured, rated, listed, redeemable, taxable Non-Convertible Debentures (NCDs) through private placement. Two series are involved: Option 1 has an issue size of ₹250 Cr (plus a green shoe option of ₹750 Cr) with a coupon rate of 9.10% p.a., and Option 2 has an issue size of ₹200 Cr (plus a green shoe option of ₹500 Cr) with an 8.90% p.a. rate. The proceeds will be utilized for refinancing existing debt, working capital needs, and general corporate purposes.