Shriram Finance raises over USD 306 Million from Development Financial Institutions

Shriram Finance Limited (SFL) has successfully secured a landmark External Commercial Borrowings (ECB) from various Multilateral and Bilateral Development Financial Institutions, including the Asian Development Bank (ADB), Japan International Cooperation Agency (JICA), and Exim Bank of India (EXIM). This transaction further strengthens SFL’s position as a leader in offshore fundraising and underscores its strategic focus on diversifying funding sources while optimizing costs. The facility, availed under SFL’s Social Finance Framework, is aimed at expanding access to finance for MSMEs, with a particular focus on business loans, electric vehicles (EVs), low-emission commercial vehicles, and financing for women-owned or women- led enterprises. This transaction marks another significant offshore fundraising milestone for SFL, following its landmark SACE Push facility of USD 500mn in February and the historic $1.2 billion syndication facility raised in December last year. With this latest transaction, SFL has successfully raised over USD 2.8 billion in offshore funding in the current financial year.