Shriram Transport Finance Company has raised Rs.400 crore by issuing bonds on private placement basis.

The company provides loans for commercial vehicles and also provides consumer finance, life and general insurance, stock broking and distribution services among others.

Shriram Transport Finance in a regulatory filing stated, “The Allotment Committee-NCDs of the company in its meeting held today, approved and allotted 4,000 secured redeemable rated listed non-convertible debentures of face value of Rs.10 lakh each, aggregating to Rs 400 crore on private placement basis.”

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