Whopping Rs 4,300 crore fundraise! Latest update by Shriram Finance

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Whopping Rs 4,300 crore fundraise! Latest update by Shriram Finance - Details

^{Published on 2025-02-15 00:41:07 - MSN}

The transaction saw participation from leading global financial institutions, including HSBC, Deutsche Bank, KfW IPEX-Bank, ING Bankand J.P. Morgan as Mandated Lead Arrangers and Lenders amounting to EUR 393 million and USD 100 million highlighting the strong confidence of international lenders in SFL's creditworthiness,

Shriram Finance, a prominent non-banking financial company (NBFC) in India, has successfully raised Rs 4,300 crore through a Qualified Institutional Placement (QIP) and preferential issue. This fundraise was aimed at bolstering the company's capital base to support its growth and expansion plans. The QIP saw participation from a diverse group of investors, including mutual funds, insurance companies, and foreign portfolio investors, indicating strong investor confidence in Shriram Finance's business model and future prospects. The funds are expected to be utilized for enhancing the company's lending capabilities, particularly in the vehicle financing and small business loans sectors, as well as for potential acquisitions and technological advancements to streamline operations. This move is part of Shriram Finance's strategy to maintain its competitive edge in the financial services market amidst growing competition and evolving regulatory landscapes.

Read the Full MSN Article at:
[ https://www.msn.com/en-in/money/topstories/whopping-rs-4-300-crore-fundraise-latest-update-by-shriram-finance-details/ar-AA1z4oTu ]

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