Umesh Revankar, Managing Director and Chief Executive Officer of Shriram Transport Finance informed that the firm Rs 1,000 crore through non-convertible debentures before June 2013. The company may raise a major portion of this amount from small individual investors and the remaining will be raised from qualified institutional investors and institutional
Tag: Shriram Transport Finance
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Shriram Transport mulls Rs 10 bn debt issue
In order to finance its growth plans, Shriram Transport Finance plans to launch public issue for Rs 1,000 crore worth of debt instruments. The company reportedly requires Rs 20,000-25,000 crore to meet disbursements every year, the majority of which would be met through debt and our own business. The company, which forayed into equipment finance business last year, has not performed well in that verti
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Shriram to raise Rs 1k cr
Shriram Transport Finance will raise Rs 500 crore through debentures with a greenshoe option of Rs 500 crore. The tenure of the bond will be 3-5 years.
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Shriram to raise Rs 1k cr
Shriram Transport Finance will raise Rs 500 crore through debentures with a greenshoe option of Rs 500 crore. The tenure of the bond will be 3-5 years.