Shriram Transport Finance raises Rs 350 cr via bonds

Shriram Transport Finance Company has raised Rs 350 crore by issuing bonds on private placement basis.
A committee of the company today approved and allotted bonds to raise the said amount, the company said in a regulatory filing.
"... Allotted 3,500 secured redeemable non-convertible debentures (NCDs) of Rs 10 lakh each, aggregating to Rs 350 crore on private placement basis," it said.
Shares of the company closed 0.85 per cent down at Rs 991.55 on BSE.