Clinically Bharat

We Can Cover You

Corporates

Shriram Finance plans to raise up to $1.5 bn from overseas, says CEO | Company News

Email :18

Shriram Finance

The fundraise will be through a combination of loans and bonds.


Indian non-banking lender Shriram Finance plans to raise up to $1.5 billion from the overseas market in the current fiscal year in a bid to diversify its borrowings, its chief executive told Reuters on Tuesday.


“We are targeting to raise anywhere between $1.25 billion to $1.5 billion (in fiscal year 2024-25),” CEO and Managing Director Y S Chakravarti said.


The fundraise will be through a combination of loans and bonds, he said.


Last November, Reserve Bank of India asked all lenders to set aside more capital on loans given to non-banking financial companies (NBFCs), such as Shriram Finance, which made raising funds more expensive.


 

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

First Published: Aug 27 2024 | 5:04 PM IST

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Post