Shriram Transport Finance Company has raised Rs 360 crore on private placement basis. The allotment committee-NCDs of the company has approved and allotted 3600 secured, redeemable, rated, listed non-convertible debentures (NCDs) of face value of Rs 10 lakh each, aggregating to Rs 3.60 billion.  

Total volume of shares traded on the bourses today was lower by 5.54% to 1,079,155 compared with 22-day average volume of 1,142,435.

Shriram Transport Finance is a flagship company of the Chennai-based Shriram group and is classified as deposit taking Asset Financing NBFC. The company was with an objective to provide hire purchase and lease finance for the medium and heavy commercial vehicles to individual truck operators.

Shares of the company declined Rs 1.9, or 0.2%, to settle at Rs 938.60. The total volume of shares traded was 50,648 at the BSE (Thursday).