December 24, 2022 06:27 pm | Updated 09:58 pm IST - Chennai
Shriram Finance Ltd. is planning to raise up to ₹35,000 crore on a private placement basis to meet its growing business needs.
On Saturday, the board gave its approval to raise the money either by way of issue of non-convertible debentures, bonds or debt securities on a private placement basis, subject to shareholder’s approval, the NBFC said in a filing.
The board declared an interim dividend of ₹15 per share for FY23 and it would be paid by January 18.
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.
