| Issue Date | 06/01 - 22/01 |
| Issue Size | Rs. 200.00 Cr |
| Issue Price | Rs. 1000 |
| Market Lot | 10 |
| Rating | CARE AA+ /Stable, IND AA+ /Stable, CARE AA+ /Stable |
| Tenor | Annual, Cumulative, and Monthly |
| Series | Series I to Series VIII |
| Payment Frequency | 3 Years/5 Years/7 Years |
| Basis Of Allotment | First Come First Serve Basis |
Shriram Transport Finance Company (STFC) plans to raise Rs1,000 crore through the issue of secured, redeemable non-convertible debentures (NCDs). Subscription to the second tranche of its public NCD issue will commence on 6 January 2020 and end on 22 January 2020, or earlier, at the company’s discretion. The NCDs are offering a minimum coupon rate of 8.52%pa (per annum) and maximum...
Incorporated in 1979, Shriram Transport Finance Company Ltd is a leading asset financing non-banking finance companies catering to first-time buyers (FTB) and small road transport operators (SRTOs) in India. The company is known for its complete financing solutions in the road logistics industry in India. It provides financing for pre-owned commercial vehicles, new commercial vehicles and even commercial vehicle operators. The company is a part of the Shriram group of companies, which has a strong presence in financial services in India and has over 1,213 branches across India. It is also building a strong presence in 862 rural centres, with a view to increasing the market share in the pre-owned commercial vehicle market.
The company is a part of the Shriram group of companies, which has a strong presence in financial services in India.
The company has a widespread network of branches across India. It has 1,545 branches across the country, including in most of the major commercial vehicle hubs. It is also building a strong presence in 838 rural centres with a view to increasing the market share in the pre-owned commercial vehicle market.
Shriram Transport Finance Company Ltd NCD will open on 06/01 and close on 22/01.
The issues price of Shriram Transport Finance Company Ltd NCD is Rs.1000.
The lot size of Shriram Transport Finance Company Ltd NCD is 10.
The Rating of Shriram Transport Finance Company Ltd NCD is CARE AA+ /Stable, IND AA+ /Stable, CARE AA+ /Stable.
The Tenor of Shriram Transport Finance Company Ltd NCD is Annual, Cumulative, and Monthly.
The Series of Shriram Transport Finance Company Ltd NCD is Series I to Series VIII.
The Payment Frequency of Shriram Transport Finance Company Ltd NCD is 3 Years/5 Years/7 Years.
The Basis of Allotment of Shriram Transport Finance Company Ltd NCD is First Come First Serve Basis.