Breaking News

You are here » Indian-Commodity  :  Top News  :  Shriram City Union Finance planning to raise up to Rs 500 crore

18-Aug2018

Shriram City Union Finance planning to raise up to Rs 500 crore

Shriram City Union Finance is planning to raise funds up to Rs 500 crore. The company intends to issue and allot on private placement basis 5,000 number of secured non-convertible redeemable debentures of face value of Rs 10 lakh each aggregating to Rs 500 crore. The proposal is to be considered by Banking and Securities Management Committee of the Board of Directors in its meeting to be held on August 22, 2018.

Shriram City Union Finance is engaged in non-banking financial services. The Company provides long-term home loans. It also offers a range of options for financing the purchase of two wheeler vehicles across manufacturers and brands.


Related News

View all news

Gold futures end lower on Tuesday

Gold futures ended lower on Tuesday on the back of a strong dollar against some major basket of currencies. Besides, slightly easing worries about US-China trade disputes after the two countries resumed......

Copper futures end higher on Tuesday

Copper futures ended higher on Tuesday as worries about growth in top consumer China receded after a report that the country's chief trade negotiator could visit the United States before a meeting between......

Physical Rubber prices extend weakness on Tuesday

Physical Rubber prices extended weakness on Tuesday amidst extremely dull volumes in the market. The market managed to sustain at the prevailing levels on enquiries from the tyre sector.Spot prices for......

Top News

View all news

RITES to acquire 33% stake in IRSDC

RITES has received in principle approval to acquire stake of 33% Equity Shares in Indian Railway Station Development Corporation (IRSDC). The Board of Directors of the company at their meeting held on......

Govt in favour of alignment of capital adequacy norms with Basel III norms

Instead of present stricter guidelines which restrict the lending capacity of lenders, the government is of the view that the Reserve Bank of India (RBI) should resort to Basel III norms for capital adequacy......

Infosys, Ashok Leyland and Reliance Infrastructure to see some action today

Infosys will open its next Technology and Innovation Hub in the State of Texas and hire 500 American workers in the state by 2020. The Hub will be located in Richardson, Texas and have a special focus......