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Shriram Finance LimitedQIP/Rights/Pref., 09-04-2025: Allotment of Securities

09-04-2025 · 05:21 pm

Shriram Finance Limited's Allotment Committee has approved the issuance of two series of senior, secured, rated Non-Convertible Debentures (NCDs) through private placement, each with an issue size of ₹375 Cr and a green shoe option of ₹1500 Cr. Option 1 pays an annual coupon of 8.70% maturing on April 9, 2028, while Option 2 offers a coupon of 8.69%, maturing on July 19, 2030. Proceeds will be utilized for asset financing, refinancing existing debt, and general corporate purposes. Both series will be listed on the BSE.

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