Press Release3 Jun 2024, 03:40 pm
Shriram Finance Raises Largest Ever Syndicated Loan of USD 468 Million Equivalent
AI Summary
Shriram Finance Limited (SFL), the flagship company of Shriram Group, has successfully raised USD 425 million and EUR 40 million through a syndicated term loan transaction. This is the largest widely syndicated loan transaction for a private non-banking financial company (NBFC) from India in recent years and the largest ever syndicated loan transaction by Shriram Finance. The funds raised will be used to empower small entrepreneurs and vulnerable groups across India. This achievement highlights the strong acceptability and confidence that lenders have in Shriram Finance's financial stability and business model.
Key Highlights
- Largest ever syndicated loan transaction by Shriram Finance at USD 468 million equivalent.
- Includes USD 425 million and EUR 40 million, making it the largest widely syndicated loan transaction for a private NBFC from India in recent years.
- Funds will be used to empower small entrepreneurs and vulnerable groups across India.
- Transaction saw participation from 16 lenders across 4 continents, including new lenders who have deployed capital in an Indian corporate for the first time.
- Follows closely on the heels of a previous successful transaction where SFL raised USD 404 million.