New York, July 24 – India’s Shriram Transport Finance Co. Ltd. informed the Bombay Stock Exchange that its banking and finance committee met on Monday and approved and allotted Rs. 1.25 billion of zero-coupon secured redeemable nonconvertible debentures due in three years and one month.
The 1,250 rated and listed debentures, with a face value of Rs. 1 million each, were issued on a private placement basis.
The Mumbai-based company provides financing for commercial vehicles.
| Issuer: | Shriram Transport Finance Co. Ltd.
|
| Issue: | Secured redeemable nonconvertible debentures
|
| Amount: | Rs. 1.25 billion
|
| Tenor: | Three years and one month
|
| Coupon: | 0%
|
| Allotment date: | July 24
|
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