The Allotment Committee of Shriram Finance has approved the issuance of senior, secured, rated, listed, redeemable, and taxable Non-Convertible Debentures (NCDs) through private placement. This decision was made during a meeting held on December 08, 2025. The NCDs have a fixed coupon rate of 7.60% p.a., with an issue size of Rs. 75 Crores.
NCD Issuance Details
Shriram Finance’s Allotment Committee approved the issuance of Non-Convertible Debentures (NCDs) on December 08, 2025. These NCDs are senior, secured, rated, listed, redeemable, and taxable, offered through private placement.
Key Terms of the NCDs
The NCDs, identified under the ISIN code INE721A07SR6, have a fixed coupon rate of 7.60% p.a. The allotment size is 7,500 NCDs, with a face value of Rs. 1,00,000/- per NCD and an issue price of Rs. 1,00,000/- per Debenture.
Payment and Maturity
Interest will be paid annually, starting December 08, 2026, and continuing on December 08 of 2027, 2028, 2029, 2030, 2031, with the final payment on the maturity date of December 08, 2032. The tenor is 7 years from the Deemed Date of Allotment.
Utilization of Proceeds
The funds raised from the NCDs will be used to augment the company’s long-term resources. The proceeds will be utilized in accordance with statutory and regulatory requirements, including those of the RBI. The funds will be used for financing asset classes, onward lending, refinancing existing debt, meeting working capital needs, and other general corporate purposes. The issue size is Rs.75 Crores.
Source: BSE