Latest News | Shriram Transport Finance Plans to Raise Funds Via Debt Securities

New Delhi, Dec 29 (PTI) Shriram Transport Finance Company on Tuesday said its board will meet next month to consider raising funds through the issuance of debt securities.

"The company will consider raising of funds by way of issue of debt securities in onshore/offshore market by private placement basis and/or public issue subject to market conditions

Shriram Transport Finance Company said in this regard the meeting of the banking and finance committee/debt issuance committee / bond issuance committee will be held to consider and approve such issuances of debt securities during the month ending January 31, 2021.

However, the company did not specify the amount that it is planning to raise.

Shares of Shriram Transport Finance Company were trading 2.56 per cent higher at Rs 1,042.35 a piece on the BSE.

(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)