Shriram Finance has allotted 53,619 equity shares under ESOS on 10 June 2024. Pursuant to allotment of the equity shares, the paid-up share capital of the Company stands increased from Rs.3,75,85,79,890/- to Rs.3,75,91,16,080/-Powered by Capital Market - Live News

Shriram Finance has allotted 25,000 Senior, secured, rated, listed, redeemable, taxable non-convertible debentures (NCD) of face value of Rs 1,00,000 each aggregating to Rs 250 crore on private placement basis on 10 June 2024. Powered by Capital Market - Live News

Shriram Finance (SFL) has recently completed a significant fund-raising effort, securing USD 425 million and EUR 40 million through a syndicated term loan transaction. This marks the largest widely syndicated loan transaction for a private non-banking financial company (NBFC) from India in recent years, and it is the largest ever syndicated loan transaction by Shriram Finance.This achievement follows closely on the heels of a previous successful transaction where SFL raised USD 404 million. The success of these transactions highlights the strong acceptability and confidence that lenders have in Shriram Finance`s financial stability and business model.The three year ECB facility was structured as a Social Loan anchored by BNP Paribas (BNPP), DBS Bank (DBS), Hongkong & Shanghai Banking Corporation (HSBC) and Sumitomo Mitsui Banking Corporation (SMBC), who were the joint Mandated Lead Arrangers & Bookrunners and Social Loan Coordinators for this facility.This multi-currency deal started as USD 200 million equivalent facility with a greenshoe option. The transaction saw a bumper response from syndication market, with final lender group expanding to 16 lenders. This included banks from 4 continents panning across Europe, US, Asia (North Asia, South-East Asia, Middle east) and Africa (Mauritius). It is worth highlighting that the deal also saw new lenders who have deployed capital in an Indian corporate for the very first time, demonstrating the strong demand for marquee Indian clients in the global loan markets.Powered by Capital Market - Live News

Shriram Finance has allotted 25000 senior, secured, rated, listed, redeemable, taxable non convertible debentures of Rs 1 lakh each aggregating Rs 250 crore on 30 May 2024 on private placement basis. Powered by Capital Market - Live News

The Board of Shriram Finance at its meeting held on 13 May 2024 has approved the proposal for disinvestment/ sale/ transfer of the Company`s entire stake in Shriram Housing Finance (SHFL), high value debt-listed non-material subsidiary of the Company (Proposed Transaction); and the draft of the share purchase agreement to be executed, among the Company as Seller 1, Valiant Mauritius Partners FDI (Seller 2), SHFL and Mango Crest Investment (an affiliate of Warburg Pincus) (Purchaser) (Share Purchase Agreement), for undertaking the Proposed Transaction.Pursuant to execution of the Share Purchase Agreement and transfer of shares held by the Company in SHFL, subject to the receipt of requisite approvals from regulatory authorities and fulfilment of other customary conditions, as per the terms and conditions specified in the Share Purchase Agreement and other ancillary agreements, SHFL shall cease to be a subsidiary of the Company. Powered by Capital Market - Live News