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. The debt capital will be raised in one or more tranches on a private placement basis.
The stock of the company closed 6.22 percent down at Rs 1,621.60 apiece on BSE.
First Published: May 4, 2022 8:30 PM IST
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