Shriram City to launch Rs 200 cr NCD on Apr 16

Tags: Companies
Shriram City Union Finance will hit the debt market with Rs 200-crore issue on April 16.

The Rs 100-crore redeemable non-convertible debentures issue has an option to retain over-subscription of same amount.

The NCDs being offered will be listed on the BSE and have an AA rating from Care Ratings.

Managing Director G S Sundararajan said the company had been able to achieve relatively stable and competitive cost of funds from a range of sources, despite the difficult conditions in the economy.

"Our strategy is to grow our housing finance business and continue to grow our small enterprise finance segment by capitalising on the group brand name and ecosystem," he added.

The lead-managers to the issue are ICICI Securities and AK Capital Services.

EDITORIAL OF THE DAY

  • Government must consider Sitharaman’s move to revisit Apple’s application for retail

    Commerce and industry minister Nirmala Sitharaman’s decision to revisit the Apple application for waiver of mandatory local sourcing, if taken serio

FC NEWSLETTER

Stay informed on our latest news!

TODAY'S COLUMNS

Arun Nigavekar

Can Hefa actually become a reality?

The ministry of human resource development (MHRD) is actively wo­rking ...

Zehra Naqvi

Man proved to be a tyrant and a fool

Reading the history of different species is, perhaps, the most ...

Dharmendra Khandal

No one's getting rich overnight by poaching

We often read in newspapers that tiger skin worth Rs ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture