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 debentures, and bonds.
Shriram Finance is planning the issuance within a specified timeframe ranging from August 01, 2026, to October 31, 2026, in accordance with their respective terms of reference. The terms and conditions for these debt securities or bonds will be determined by the committees after considering all aspects, including the issue price.
SHRIRAMFIN Stock Price Movement
Shares of Shriram Finance Limited slipped by 1.93% today, settling at ₹1005.1 in the post-market session. The stock saw significant activity in trading volume, which reached approximately 11.78 million shares during the day.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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