Shriram Finance Limited — QIP/Rights/Pref., 23-12-2024: Allotment of Securities

Shriram Finance Limited has approved the allotment of 17,500 senior, secured, rated, and redeemable Non-Convertible Debentures (NCDs) through a private placement. The total issue size is Rs. 175 Crores with a green shoe option up to Rs. 400 Crores. Each NCD has a face value and issue price of Rs. 1,00,000, offering a fixed coupon rate of 8.8912% per annum, with interest payments due annually. Proceeds will be utilized for asset financing, refinancing existing debt, and other business needs, reflecting the company’s commitment to growth and financial stability.