Shriram Transport Finance Company, India's largest asset financing company on Wednesday announced that it is considering raising of funds by way of issue of redeemable nonconvertible debt securities in onshore/offshore market by private placement basis and/or public issue subject to market conditions.
In this regard, the meeting of the concerned committees - the Banking and Finance Committee, Debt Issuance Committee, Bond Issuance Committee, Allotment Committee- NCDs will be held to consider and approve the issue and allotment of redeemable non-convertible debt securities during the month ending Mar. 31, 2021, as per their respective terms of reference, subject to such terms and conditions including the issue price of debt securities, as the said committees may deem fit.
Shares of the company gained Rs 5.6, or 0.41%, to trade at Rs 1,383. The total volume of shares traded was 45,690 at the BSE (11.42 a.m., Wednesday).