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Shriram Transport Finance to issue nonconvertible debentures

ShriramTransport Finance Co. Ltd. is looking to issue up to 6.95 billionrupees of secured redeemable debentures on a private placement basis.

The company will issue 6,950 of the nonconvertibledebentures at 1 million rupees each, according to an April 13 filing with thestock exchange.

As of April 14, US$1was equivalent to 66.57 Indian rupees.