Shriram Finance Plans Debt Issuance for Funds Raising via NCDs and Subordinated Debentures
Shriram Finance Ltd has announced plans to raise funds by issuing debt securities, specifically redeemable non-convertible Debentures (NCDs) and subordinated debentures, including bonds in the onshore and offshore markets. The fundraising initiative is set to be conducted on a private placement basis, subject to prevailing market conditions.The company confirmed that meetings of concerned committees, namely the Banking and Finance Committee and the Allotment Committee for NCDs, will be held during this period. These meetings are intended to consider and approve the issue and allotment of the debt instruments, which include NCDs, subordinated...