The Allotment Committee of Shriram Finance has approved the issuance of senior, secured, rated, listed, redeemable, taxable Non-Convertible Debentures (NCDs) through private placement. The meeting, held on October 28, 2025, finalized the details, including a base issue size of ₹750 Crores with an option to retain an additional ₹750 Crores through a green shoe option. The NCDs are set to mature on April 09, 2028.
NCD Issuance Details
Shriram Finance’s Allotment Committee has approved the issuance of Non-Convertible Debentures (NCDs) in a meeting held on October 28, 2025. These NCDs are senior, secured, rated, listed, redeemable, and taxable, and will be offered through private placement.
Key Highlights of the NCDs
- Issuer: Shriram Finance Limited
- Series: SFL PPD 2025-26 Further issue 3
- Base Issue Size:₹750 Crores (with a green shoe option of ₹750 Crores)
- ISIN: INE721A07SL9
- Allotment Size: 75,000 NCDs
- Interest Type: Fixed
- Coupon Rate: 8.70% p.a.
Payment and Maturity
Interest will be paid annually on April 09, 2026, April 09, 2027, and at maturity on April 09, 2028. The face value per NCD is ₹1,00,000, with a reissue price of ₹1,02,498.80 plus accrued interest of ₹4,814.79, totaling ₹1,07,313.59 per debenture.
Discount and Effective Yield
The NCDs are issued at a premium, resulting in an effective yield of 7.50%.
Tenor and Listing
The tenor of the NCDs is 2 years, 5 months, and 12 days from the deemed date of allotment, maturing on April 09, 2028. These NCDs will be listed on the WDM segment of BSE.
Utilization of Proceeds
The proceeds from the NCD issuance will be used to augment the long-term resources of the Company. This includes financing various asset classes, onward lending, refinancing existing debt, meeting working capital requirements, and other general corporate purposes, while complying with statutory and regulatory requirements.
Source: BSE
