India’s Shriram Transport approves, allots Rs. 5.5 billion debentures

By Devika Patel

Knoxville, Tenn., Dec. 31 – Shriram Transport Finance Co. Ltd. informed the Bombay Stock Exchange that it approved and allotted Rs. 5.5 billion of unsecured subordinated non-convertible debentures via private placement at a banking and finance committee meeting on Dec. 31.

The company also plans to hold banking and finance committee and debt issuance committee meetings in January to consider and approve the terms and conditions for additional securities that may be sold through public sales or private placements.

Shriram Transport provides financing for commercial vehicles and is based in Mumbai.

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