Money & Banking

Shriram Housing Finance raises ₹250 crore

?OUR BUREAU Mumbai | Updated on June 22, 2020 Published on June 22, 2020

Shriram Housing Finance Ltd (SHFL), on Monday, said it has raised ₹250 crore via five-year term loan from a public sector bank at 8.50 per cent.

The company, in a statement, also said it has raised ₹40 crore from lenders under the Targeted Long-Term Repo Operation (TLTRO) 2 facility at an annualised coupon of 8.55 per cent.

With this, the company has raised over ₹700 crore in the current calendar year, SHFL added.

Ravi Subramanian, Managing Director & CEO, SHFL, said: “We are happy that the market has shown confidence in us even during such challenging times.

“Besides the debt raised so far, we also have NCDs in the pipeline. This only strengthens our belief that there is sufficient liquidity available for well managed companies.”

Published on June 22, 2020
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