Shriram Finance Limited — QIP/Rights/Pref., 24-10-2024: Allotment of Securities

Shriram Finance Limited has approved the allotment of two series of senior, secured, listed Non-Convertible Debentures (NCDs) via private placement. Series 1 involves an issue size of ₹340 Crores with a 9.15% annual interest rate, maturing on January 19, 2029. Series 2 has a ₹460 Crores issue size, offering 8.96% interest, maturing on October 24, 2027. Proceeds will be used for financing asset classes, refinancing existing debt, and general corporate purposes.