Loan & Debt5 May 2026, 06:01 pm
Shriram Finance Allots NCDs via Private Placement
AI Summary
Shriram Finance Ltd's Allotment Committee - NCDs, in its meeting on May 05, 2026, approved and allotted senior, secured, rated, listed, redeemable, taxable Non-Convertible Debentures (NCDs) on a private placement basis. The NCDs, under Series PPD XVIII 23-24 further issue 3, have a fixed coupon rate of 9.15% p.a. and will mature on January 19, 2029. The allotment size is 10,000 NCDs with a face value of ₹1,00,000 each, and the issue size is ₹100 Crores.
Key Highlights
- Shriram Finance allotted Non-Convertible Debentures on a private placement basis on May 05, 2026.
- The NCDs have a fixed coupon rate of 9.15% p.a. and mature on January 19, 2029.
- The allotment size is 10,000 NCDs with a face value of ₹1,00,000 each, totaling ₹100 Crores.
- The NCDs are senior, secured, rated, listed, redeemable, and taxable.
- Proceeds will augment long-term resources and be used for financing, lending, and refinancing.
Price Impact
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