Shriram Transport Finance Company has raised Rs 410 crore through issue of debt securities on a private placement basis.

The Allotment Committee-NCDs of the company has approved and allotted 4,100 secured, redeemable, non-convertible debentures of face value of Rs 10 lakh each aggregating to Rs 410 crore on a private placement basis.

The bonds will be offering coupon rates from 8.15 to 8.25 percent in three different tenure.

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