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Shriram Transport to raise $150 million from IFC

Investment is likely to be in the form of senior debt

T E Narasimhan  |  Chennai 

Shriram Transport Corporation, the NBFC arm of Shriram Group, plans to raise $150 million from International Finance Corporation (IFC). The proposed investment involves upto $150 million equivalent in the form of senior debt of the Company, according to IFC disclosure. World Bank's investment arm said that STFCL has had limited access to the wholesale debt markets. IFC's funding will enable STFCL to tap a new funding source, and will attract other (than banks) debt capital market investors.Read more from our special coverage on "SHRIRAM TRANSPORT FINANCE"Shriram Transport ...

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First Published: Fri, April 01 2016. 09:30 IST
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