What to watch. Shriram Transport NCD issue opens on Monday

Shares of Shriram Transport Finance Company will remain in focus on Monday on fund-raising plans. The NBFC plans to raise ₹300 crore through secured redeemable non-convertible debentures with an option to retain oversubscription of up to ₹1,050 crore, aggregating up to ₹1,350 crore. The issue will close on October 29. It plans to use the funds for onward lending and for repayment/prepayment of interest and principal of existing borrowings.