Shriram Finance allots NCDs to raise 250 crore rupees

Shriram Finance Limited's Allotment Committee - NCDs, in a meeting held on November 24, 2025, approved and allotted 25,000 Non-Convertible Debentures with a face value of INR 1,00,000 each. The NCDs were issued via private placement, totalling INR 250 Crores, with an option to retain a greenshoe of INR 250 Crores.

These NCDs carry a fixed coupon rate of 9.15% per annum, with interest payable annually on January 19, 2026, 2027, 2028, and at maturity on January 19, 2029. The reissue price per NCD is INR 1,12,171.90, which includes a premium of INR 4,425.74 and accrued interest of INR 7,746.16, resulting in an effective yield of 7.50%. The tenor for these secured NCDs is 3 years, 1 month, and 26 days from the deemed allotment date.

The proceeds from this issuance will be utilized to augment the company's long-term resources, finance various asset classes, support onward lending, refinance existing debt, and meet working capital requirements, in compliance with statutory and regulatory guidelines. The NCDs are proposed to be listed on the Wholesale Debt Market (WDM) segment of the BSE.