Shriram Finance Limited’s Banking & Finance Committee has approved a tender offer to repurchase up to U.S.$460,000,000 in aggregate principal amount of its Senior Secured Notes. The offer covers two tranches: up to U.S.$300,000,000 of 6.625% Senior Secured Notes due 2027 and up to U.S.$160,000,000 of 6.15% Senior Secured Notes due 2028. This initiative is part of the company’s debt management strategy under its Global Medium Term Note Programme.
Shriram Finance Tender Offer Approval
Shriram Finance Limited announced today, September 21, 2026, that its Banking & Finance Committee has approved a tender offer to purchase a portion of its outstanding Senior Secured Notes. This strategic move aims to manage the company’s debt obligations effectively under its existing USD 3,500,000,000 Global Medium Term Note Programme.
Key Details of the Tender Offer
The tender offer will focus on two specific series of notes:
- Up to U.S.$300,000,000 of the 6.625% Senior Secured Notes due 2027 (originally issued up to U.S.$750,000,000).
- Up to U.S.$160,000,000 of the 6.15% Senior Secured Notes due 2028 (originally issued up to U.S.$500,000,000).
Collectively, these represent an aggregate principal amount of up to U.S.$460,000,000 targeted for repurchase. Shriram Finance will provide further details regarding the purchase of these notes in compliance with all applicable laws and regulations.
Meeting and Disclosure
The decision was made during a meeting of the Banking & Finance Committee held on September 21, 2026, which commenced at 11:30 A.M. and concluded at 12:10 P.M. The company is making this information available on its website, www.shriramfinance.in, in accordance with regulatory requirements.
Source: BSE
