Shriram Finance Allots ₹2,220 Cr NCDs

Shriram Finance Limited's Allotment Committee - NCDs has approved and allotted senior, secured, rated, listed, redeemable, taxable Non-Convertible Debentures (NCDs) on a private placement basis. The issue size is ₹2,220 Crores, comprising a base issue of ₹1,000 Crores and a green shoe option of ₹2,000 Crores. These NCDs carry a fixed coupon rate of 7.80% per annum, with interest payable annually and maturity on September 07, 2029. The proceeds will be utilized for augmenting long-term resources and refinancing existing NCDs used for the loan portfolio and onward lending, including EV financing.