Shriram City Union Finance Limited to issue SNCDs for Rs. 90 crores

The Banking and Securities Management Committee ("Committee") of Shriram City Union Finance Limited, had at its meeting held on Wednesday, June 22, 2022 among other items have approved the issue of Secured Rated Listed Redeemable Non-Convertible Debentures (SNCDs) of face value of Rs. 10,00,000/- (Rupees ten lacs only) each at a re-issue price of Rs. 10,05,815.58/- (Rupees ten lacs five thousand eight hundred and fifteen and Paise fifty eight only) each for an amount of Rs. 50 crores ("Base Issue size") with green shoe option upto Rs. 40 crores amounting to Rs. 90,00,00,000/- (Rupees ninety crores only) as one or more issuances, in one or moretrancheseither as fully paid up or partly paid-up on private placement basis pursuant to the provisions of the Securities and Exchange Board of India (Issue and Listing of Non-Convertible Securities) Regulations, 2021, SEBI Operational circular on issue and listing of NCDs, PP-MLD,Securitised Debt Instruments, Security Receipts, Municipal Debt Securities and Commercial Papers and other applicable SEB] Regulations, Companies Act, 2013, Rules, laws and circulars as amended from time to time.

Shares of Shriram City Union Finance Limited was last trading in BSE at Rs. 1619.50 as compared to the previous close of Rs. 1616.10. The total number of shares traded during the day was 1126 in over 427 trades.

The stock hit an intraday high of Rs. 1651.75 and intraday low of 1591.30. The net turnover during the day was Rs. 1827349.00.

Source : Equity Bulls

Keywords

ShriramCityUnionFinance INE722A01011 SNCDs FundRaising