HomeBusinessShriram City Union Finance to raise Rs 200 crore through bonds

Shriram City Union Finance to raise Rs 200 crore through bonds

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Shriram City Union Finance on Monday announced to raise Rs 200 crore through the issuance of bonds on a private placement basis.

In a filing with the exchange, Shriram City Union Finance said, “The banking and securities management committee of the company in its meeting held on December 14, 2020, approved to issue non-convertible debentures for an amount of Rs 100 crore with the greenshoe option up to Rs 100 crore, aggregating up to 2000 NCDs amounting Rs 200 crore.”

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“The bond will be in the nature of secured, rated, listed redeemable, principal-protected market linked debentures (PP-MLD). The non-convertible debentures (NCD) will be issued on a private placement basis in one or more tranches,” the filing added.

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Krishna Mali
Krishna Mali
Founder, CEO & Group Editor of TechGraph.
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