Shriram Finance Limited — QIP/Rights/Pref., 25-11-2024: Allotment of Securities

Shriram Finance Limited has announced the allotment of 10,000 senior, secured, rated, listed, redeemable, taxable Non-Convertible Debentures (NCDs) through a private placement, accumulating to an issue size of ₹100 crores with a green shoe option of ₹50 crores. The NCDs have a face value of ₹1 lakh each, an issue price of approximately ₹1.05 lakh per debenture, and offer a fixed coupon rate of 8.75% per annum, payable annually until maturity on May 4, 2026. Proceeds will be utilized for financing asset classes, refinancing existing debt, and meeting working capital requirements.