Shriram Transport Finance Company (STFC) plans to raise Rs10,000 crore through the issue of secured, redeemable non-convertible debentures (NCDs). Subscription to the issue commenced on 17 July 2019 and will end on 16 August 2019, or earlier, at the company’s discretion. The NCDs are offering a minimum coupon rate of 9.12%pa (per annum) and maximum 9.70%pa.
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