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    HomeNewsBusinessCompaniesShriram Transport Fin Co raises Rs 200 cr on private placement

    Shriram Transport Fin Co raises Rs 200 cr on private placement

    The Banking and Finance Committee of the company approved and allotted 2,000 NCDs today, it said in a regulatory filing.

    March 18, 2016 / 19:22 IST
       
       
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      Shriram Transport Finance Company (STFC) today said it has raised Rs 200 crore by issuing non-convertible debentures on a private placement basis.

      The Banking and Finance Committee of the company approved and allotted 2,000 NCDs today, it said in a regulatory filing.

      "...approved and alloted 2,000 secured redeemable non-convertible debentures of face value of Rs 10 lakh each, aggregating to Rs 200 crore on private placement basis", it said.

      The tenure of the debentures has been set at 5 years and 10 years bearing coupon rate of 9.25 per cent and 9.30 per cent, respectively.

      STFC shares closed 0.27 per cent down at Rs 908.25 apiece on BSE.

      first published: Mar 18, 2016 05:52 pm

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