Outcome of board meeting of Shriram Transport Finance Company

Held on 27 April 2018

The Board of Shriram Transport Finance Company transacted the following -

Delegated the power to committee(s) to raise funds by way of issue of redeemable non-convertible debentures/subordinated debentures (public issue/private placement basis) in on-shore markets, bonds/notes in off-shore markets, external commercial borrowing and other methods of borrowing for purpose of business of the Company during the financial year 2018-19 and in this connection the Board has also approved Postal Ballot Notice for seeking necessary approval of shareholders.

Authorised the Banking & Finance Committee to buy-back Redeemable Non- Convertible Debentures up to Rs.500 crore from time to time during the financial year 2018-19.

 

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