Shriram announces plans to issue up to Rs. 20 billion of debentures

By Ashley Montgomery

Kansas City, Kan., July 27 - Shriram City Union Finance Ltd. informed the Bombay Stock Exchange that it will issue up to Rs. 20 billion of non-convertible debentures, according to a notice.

The issue will be made in one or more tranches and will include an over-allotment option.

The company's board of directors made the decision to issue debentures at a meeting on Friday.

The non-banking finance company is based in Chennai, India.

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