Shriram Finance Limited — QIP/Rights/Pref., 03-12-2024: Allotment of Securities

Shriram Finance Limited has held a meeting of its Allotment Committee to approve the issuance of senior, secured, rated, listed, redeemable, taxable Non-Convertible Debentures (NCDs) via private placement. Two options are available: Option 1 aims to raise ₹450 Crores with a floating interest rate, while Option 2 seeks ₹859 Crores at a fixed coupon of 9.20%. Both options have a tenure of approximately 1 year and 5 months. The proceeds will be used for asset financing, refinancing existing debt, and working capital needs, ensuring compliance with regulatory requirements.