By Tali Rackner
Minneapolis, April 17 – Shriram Transport Finance Co. Ltd. informed the Bombay Stock Exchange that its board of directors met on Tuesday and approved and allotted Rs. 500 million more secured redeemable nonconvertible debentures.
The 500 rated and listed debentures, with a face value of Rs. 1 million each, were issued on a private placement basis.
The company initially allotted Rs. 870 million of the debentures on March 16, with an original tenor of 1,141 days.
The tenor of the most recent allotment is 1,109 days.
Shriram Transport provides financing for commercial vehicles and is based in Mumbai.
| Issuer: | Shriram Transport Finance Co. Ltd.
|
| Issue: | Secured redeemable rated listed nonconvertible debentures
|
| Amount: | Rs. 500 million
|
| Coupon: | 0%
|
| Tenor: | 1,109 days
|
| Allotment date: | April 17
|
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