India’s Shriram Transport board to consider issuing debentures

By Sarah Lizee

Olympia, Wash., April 26 – Shriram Transport Finance Co. Ltd. informed the Bombay Stock Exchange that its board of directors will consider raising funds by way of redeemable non-convertible debentures or subordinated debentures.

The debentures would be issued via private placement.

The board will consider the issue at a meeting to be held on May 8.

The Mumbai-based company provides financing for commercial vehicles.

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