Shriram Finance Limited — QIP/Rights/Pref., 28-03-2025: Allotment of Securities

Shriram Finance Limited has announced a board meeting to approve the allotment of senior, secured, rated, and redeemable Non-Convertible Debentures (NCDs) for a total issue size of ₹100 Crores, with an initial allotment of 10,000 NCDs. The NCDs, with a fixed coupon rate of 8.9267% per annum, are set to yield 8.75% and will mature on July 20, 2027. Proceeds will be utilized for long-term resource augmentation, refinancing existing debt, and general corporate purposes. This strategic funding approach may enhance liquidity, offering a positive outlook for investor sentiment amid ongoing financing efforts.