Shriram Transport Finance Company Limited (STFC) was incorporated in the year 1979 and is a renowned name in commercial vehicle finance. It is known to be a leading asset financing non-banking finance company.
The company is a leader in commercial vehicle financing and serves customers across the nation. It has a network of branches and a big team of dedicated members engaged in catering to the need for finances for new and pre-owned commercial vehicles.
Shriram Transport Finance Company (STFC) recently raised successfully Rs. 900 crores by issuing bonds on a private placement basis. The redeemable and non-convertible debentures (NCDs) were of Rs. 10 lakhs each face value. A total of 9,000 NCDs were allotted aggregating to the issue size of Rs. 900 crores. The Shriram Transport Finance Company bonds, bearing a coupon at 8.56% per annum, are set to mature on February 25, 2032. The trust of customers and investors in the company is the reason for its bonds or IPO success and good performance in the competitive market.
Investors with a low-risk appetite may think of investing in Shriram Transport Finance Company bonds for safe ROI.
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The company has its presence countrywide. Today, it has become a trusted brand in transport finance. You can consider seeking finance from Shriram Transport Finance to buy commercial vehicles for your transport company or to start your logistics business. Shriram Transport Finance Services include: Commercial Vehicle Finance Tractor Finance Construction Equipment Finance Three-wheeler Finance Passenger Commercial Vehicle Finance Multi Utility Vehicle Finance The above-mentioned different type of finances is designed to serve varied purposes. You can seek finance to buy a tractor, equipment for construction works, three-wheelers, or other types of commercial vehicles.
Shriram Group’s entities merged in November 2022 to form Shriram Finance Limited. The Group’s three entities namely Shriram Transport Finance Company Limited, Shriram City Union Finance Limited, & Shriram Capital Limited merged to form Shriram Finance Limited.
Investing should be done only after proper analysis and research work. You may end up losing your money if invested in instruments carrying higher risks.
Considering the above-detailed factors can help you take maximum advantage of your decision to invest.
Company bonds and IPOs are known to perform well. The investment in the company’s instruments may benefit you. Customers countrywide can take the advantage of company’s varied services.