If SVL doesn't honour repayment, Shriram Ownership Trust will: Thyagarajan

R Thyagarajan, founder, Shriram group says everything will be honoured on the due date if not by SVL, by Shriram Ownership Trust

Shriram Group’s NBFC arms — Shriram Transport Finance Corporation (STFC) and Shriram City Union Finance (SCUF) — have seen share prices declining by 12 per cent and SCUF hitting  a 52-week low, respectively, as investors turned cautious of STFC’s loan guarantee of Rs 8.70 billion and SCUF’s loan of Rs 4 billion to SVL (earlier known as Shriram Industrial Holdings), the holding company of the group’s non-finance businesses. R Thyagarajan, founder, Shriram group, tells T E Narasimhan & Gireesh Babu everything will be honoured on the due date if not by SVL, by Shriram Ownership Trust. Edited excerpts:

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