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Shriram Transport Finance Company Limited to raise Rs. 50,000 lacs ( Rs. 500 crores ) through Secured Redeemable Non-Convertible Debentures


By K. Ashwin Mob: 00919920183006 E-mail: indianshowbusiness@gmail.com

Shriram Transport Finance Company Limited (STFC), one of the largest asset financing NBFCs in India, plans to enter the debt capital market on October 7, 2013 with a public issue of Secured Redeemable Non-Convertible Debentures (NCDs) of face value of Rs.1,000 each. The NCD issue is aggregating upto Rs. 25,000 lacs (Rs. 250 crores) with an option to retin over-subscription up to Rs.25,000 lacs (Rs. 250 crores) for issuance of aditional NCDs aggregating to a total of up to Rs.50,000 lacs (Rs. 500 crores).

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