Shriram Finance allotted Rs 2,220 crore in NCDs to refinance debt and fund electric vehicle financin Back

<p>Shriram Finance Limited announced that its Allotment Committee approved and allotted senior, secured, rated, listed, redeemable, taxable Non-Convertible Debentures (NCDs) on a private placement basis. The company allotted 2,22,000 NCDs with a total issue size of Rs 2,220 crore, carrying a fixed coupon rate of 7.80% per annum, maturing on September 07, 2029. The proceeds will be utilized for refinancing existing NCDs, including financing/refinancing of electric vehicles.</p>