Shriram Finance Limited — QIP/Rights/Pref., 29-05-2025: Allotment of Securities
29-05-2025 | 02:36 pm
29-05-2025 | 02:36 pm
Shriram Finance raised Rs. 100 Cr via private placement of 10,000 senior, secured, rated, listed NCDs with an 8.93% fixed coupon (effective yield ~7.95%). Each NCD was issued at Rs. 1,06,785.26 (face value Rs. 1 lakh plus premium). These 2-year bonds maturing in July 2027 will strengthen long-term lending, refinancing, and working capital. No change in promoter holding; this is a debt infusion supporting business growth.
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