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Shriram Finance allots ₹500 crore in non-convertible debentures

October 1, 2025 at 11:09 AM UTCBy FilingReader AI

Shriram Finance Limited's Allotment Committee – NCDs, approved and allotted senior, secured, rated, listed, redeemable, taxable Non-Convertible Debentures (NCDs) via private placement. The total issue size is ₹500 crore, comprising 50,000 NCDs, each with a face value and issue price of ₹1,00,000. These NCDs bear the ISIN INE721A07SO3 and are designated as Series SFL PPD 2025-26 Floating Issue.

The NCDs offer a floating coupon rate of 3-month Overnight Indexed Swap (OIS) + 200 basis points, with quarterly interest payments commencing December 31, 2025, and continuing until maturity. The effective yield of the NCDs is stated as -7.64%. The debentures have a tenor of 2 years, 11 months, and 28 days from the deemed date of allotment, maturing on September 29, 2028. They will be listed on the WDM segment of the BSE.

Proceeds from this issue will augment the company’s long-term resources, financing all asset classes, facilitating onward lending, refinancing existing debt, and meeting working capital requirements, adhering to all statutory and regulatory guidelines.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

BSE:SHRIRAMFINBombay Stock Exchange

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