Shri­ram Trans­port NCD is­sue opens on Mon­day

The Hindu Business Line - - STOCKS -

Shares of Shri­ram Trans­port Fi­nance Com­pany will re­main in fo­cus on Mon­day on fundrais­ing plans. The NBFC plans to raise ₹300 crore through se­cured re­deemable non-con­vert­ible deben­tures with an op­tion to re­tain over­sub­scrip­tion of up to ₹1,050 crore, ag­gre­gat­ing up to ₹1,350 crore. The is­sue will close on Oc­to­ber 29. It plans to use the funds for on­ward lend­ing and for re­pay­ment/pre­pay­ment of in­ter­est and prin­ci­pal of ex­ist­ing bor­row­ings.

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