MUMBAI (Reuters) - Shriram Transport Finance Company Ltd will raise at least 5 billion rupees ($83.75 million) via non-convertible debentures in the first week of July, multiple sources said on Thursday.
The company will raise up to a maximum of 30 billion rupees in 3-, 5- and 7-year tenures, sources said.
Edelweiss Capital, ICICI Securities, A.K. Capital and J.M. Financial are among the lead managers of the issue, sources added.
Shriram Transport Finance shares ended 4.8 percent higher on Thursday compared to a 1 percent fall in the Nifty.
(Reporting by Abhishek Vishnoi and Neha Dasgupta; Editing by Sunil Nair)
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app