Shriram Transport Finance Company Limited announced on Friday that it has approved the plan to raise Rs 42 crore through the issue of Non convertible debentures (NCD).
The market linked redeemable Non-convertible debentures (NCD) on Private placement basis will be issued at a Face value of Rs 10,00,000.
The finance company stated in its BSE regulatory filing. “In furtherance to our letter dated August 31, 2020 regarding intimation of Banking and Finance Committee Meetings for raising Funds, we write to inform you that the Allotment Committee – NCDs of the Company in its meeting held today, approved and allotted senior secured rated, listed principal protected market linked redeemable Nonconvertible debentures (NCD) of face value of Rs.10,00,000/- (Rupees Ten Lakh only) each on private placement basis.”
The redemption date is fixed on 25th March, 2022.
