India’s Shriram plans Rs. 850 million of secured redeemable debentures

By Susanna Moon

Chicago, June 30 – Shriram Transport Finance Co. Ltd. notified the Bombay Stock Exchange that it plans to issue Rs. 850 million of secured redeemable debentures.

The notes will be issued with a face value of Rs. 1 million each in a private placement, according to the notice.

The issue was approved at the company’s banking and finance committee meeting held Thursday.

The commercial vehicle finance company is based in Chennai, India.

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