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Truck financier Shriram Transport Finance Company will raise funds amounting to Rs 5,000 crore in the last quarter of financial year 2018-19 (Q4FY19) through securitisation of its loans. It has raised Rs 5,300 crore via securitisation in Q3FY19, said Umesh Revankar, chief executive officer (CEO) of Shriram Transport.
Securitisation is the process of conversion of a loan into marketable securities for raising cash by selling them to other investors.
The firm also plans to raise $750 million in foreign currency funding in FY20, which is the threshold set by the Reserve Bank of India in terms of foreign
Securitisation is the process of conversion of a loan into marketable securities for raising cash by selling them to other investors.
The firm also plans to raise $750 million in foreign currency funding in FY20, which is the threshold set by the Reserve Bank of India in terms of foreign
