 "NBFCs")
Northern Arc, a digital debt platform, said on Friday it has concluded an Rs 350 crore market-linked debentures transaction with Shriram Transport Finance.
STFC is one of the largest asset financing NBFCs for the commercial vehicle industry in the country, working with small truck owners for assets-related needs. This is the latest in a series of MLD transactions structured, executed, and invested in by Northern Arc, through which it has facilitated debt funding for its partners across MSME financing, commercial vehicle (CV) financing, and gold loans.
Multiple capital market investors subscribed the issuance. As part of its commercial vehicle finance segment, Northern
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