Shriram Finance Limited — Important, 30-07-2025: General Updates
30-07-2025 | 09:34 pm
30-07-2025 | 09:34 pm
Shriram Finance's Banking & Finance Committee has approved the buyback/redemption of non-convertible debentures (NCDs) up to ₹900 Cr face value. This strategic move aims to reduce outstanding debt maturing later this year, signaling proactive balance sheet management. The company will determine the repurchase price in consultation with debenture holders on a first-come, first-served basis. This initiative could significantly reduce the number of outstanding NCDs from 1,54,550 to potentially 64,550, optimizing capital structure for investors.
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