Shriram Finance Limited has informed the Exchange about Purchase and settlement of certain Notes issued under GMTN Programme
SHRIRAMFIN · price
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Shriram Finance has bought back USD 45 million (out of USD 150 million outstanding) of its Senior Secured Floating Rate Notes due 2026, issued under a USD 3.5 billion Global Medium Term Note Programme. The notes were purchased at par through private placement with MUFG Securities EMEA plc, with an additional USD 1,265,877.25 paid as accrued interest. After this transaction, USD 105 million of these notes remain outstanding. The buyback complies with RBI's Master Directions on External Commercial Borrowings (March 2019). The purchase was completed on August 29, 2025.
This is a pre-maturity debt reduction that lowers Shriram Finance's foreign currency liabilities and near-term repayment burden, which is generally positive for credit quality. Shareholders may view this as prudent liability management, though the cash outflow of ~USD 46.3 million slightly reduces liquid assets.