Shriram Finance allots Rs 2000 Crore NCDs via private placement
SHRIRAMFIN · price
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On the reaction day the stock moved 0.4 pts less than Nifty 100 and 0.4 pts more than its Non Banking Financial Company (NBFC) peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Shriram Finance allotted 1,10,000 senior secured NCDs worth Rs 2,000 Crores via private placement on July 9, 2026. Option 1: 1,00,000 NCDs at 7.80% coupon for Rs 1,000 Cr, maturing September 2029 (3 year tenor). Option 2: 10,000 NCDs at 8% coupon for Rs 1,000 Cr, maturing December 2031 (about 5.5 year tenor), issued at a small premium yielding 7.90%. Proceeds will augment long-term resources for lending, refinancing, and general corporate purposes.
Rs 2,000 Cr debt raise at competitive rates supports lending growth. No equity dilution; adds to interest obligations for shareholders.