Latest News | Shriram City Union Finance to Raise Up to Rs 750 Crore
Get latest articles and stories on Latest News at LatestLY. Shriram City Union Finance on Wednesday said it is planning to raise up to Rs 750 crore by issuing bonds on a private placement basis.
New Delhi, May 4 (PTI) Shriram City Union Finance on Wednesday said it is planning to raise up to Rs 750 crore by issuing bonds on a private placement basis.
The banking and securities management committee of the company on Wednesday approved the issue of secured, rated, listed, redeemable, principal-protected and market-linked non-convertible debentures for an amount of Rs 100 crore. There will also be a green shoe option of up to Rs 650 crore, taking the aggregate amount to Rs 750 crore, according to a regulatory filing.
Also Read | OnePlus 10 Ultra, OnePlus 10 Likely To Debut Soon: Report.
The debt capital will be raised in one or more tranches on a private placement basis.
Stock of the company closed 6.22 per cent down at Rs 1,621.60 apiece on BSE.
Also Read | YouTube Go Will No Longer Be Available for Users From August 2022, Here's Why.
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)