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Shriram Transport Finance raises 750M rupees in debt issue

Shriram Transport Finance Co. Ltd. raised 750 million Indian rupees via an issuance of subordinated debentures in a private placement.

The 10-year nonconvertible debentures bear a coupon of 8.50% per year, the company said Dec. 29.

As of Dec. 29, US$1 was equivalent to 67.97 Indian rupees.