Tender Offer Results for USD Senior Secured Notes

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SHRIRAMFIN · price

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Price reactionminutes from the announcement price · days from the prior close

+1.2%Reaction day

₹971.50

prior close

₹972.20

announcement price

After-mkt

timing

Nifty 100market-0.3%+1.4% vs market

Non Banking Financial Company (NBFC) peers, median of 215sector+0.0%+1.1% vs sector

On the reaction day the stock moved 1.4 pts more than Nifty 100 and 1.1 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.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+0.5

10m

+0.3

15m

+0.0

30m

+0.2

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+1.2-0.3+1.4+0.0+1.1

Next day

-2.7-1.2-1.5-0.4-2.4

-0.0-0.6+0.6-0.5+0.5

-0.8+0.4-1.1-0.8-0.0

-2.6-0.4-2.2-0.4-2.2

-5.6-2.2-3.4-1.9-3.7

-4.3-1.6-2.8-1.4-3.0

15d

-11.0-1.4-9.6-5.2-5.7

-15.3pendingpending-4.3-10.9

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UpDownMarket · Nifty 100Sector · Non Banking Financial Company (NBFC) peers, median of 215Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Shriram Finance announced tender offer results for its USD notes under its GMTN programme. Valid tenders were USD 579.42M for the 6.625 percent 2027 notes and USD 352.10M for the 6.15 percent 2028 notes. The company accepted USD 299.98M of 2027 notes and USD 160M of 2028 notes, for an aggregate cash payout of about USD 479.07M. Settlement is on September 30, 2026.

Likely market impact

Reduces outstanding USD debt by around USD 460M. Shows active liability management but involves a sizeable cash outflow.