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Shriram Transport Finance raises 5B rupees via debentures

Shriram Transport Finance Co. Ltd. raised 5 billion Indian rupees via an offering of nonconvertible debentures on a private placement basis.

The two-year debentures were priced with a coupon of 7.90% per year.

As of Dec. 21, US$1 was equivalent to 64.01 Indian rupees.