Shriram Finance Limited has informed the Exchange regarding allotment of 20000 securities pursuant to Non Convertible Securities at its meeting held on May 08, 2025
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Shriram Finance has allotted 20,000 senior, secured, rated, listed, redeemable, taxable NCDs on a private placement basis, raising Rs. 200 Crores. The NCDs carry a fixed coupon of 8.70% per annum, with annual interest payments and maturity on April 9, 2028 (tenure of about 3 years). The reissue price is Rs. 1,01,774.83 per debenture (face value Rs. 1,00,000), implying a premium of Rs. 1,083.60 and an effective yield of 8.25%. The issue also has a green shoe option of Rs. 150 Crores, and this is a further issue under the same ISIN (INE721A07SL9), which had a prior allotment of Rs. 575 Crores on April 9, 2025. The proceeds will be used to strengthen long-term resources for lending, refinancing, and general business purposes.
This is a routine NCD private placement that helps Shriram Finance diversify its long-term funding at a competitive cost (8.25% effective yield). No equity dilution; minimal direct impact on share price, though it reflects normal borrowing activity by the NBFC.