Shriram Transport Finance Co. Ltd. raised 3.6 billion Indian rupees via the issuance of nonconvertible debentures in a private placement.
The debentures bear a coupon of 7.6414% per year and have a tenor of three years and three months, the company said in an Aug. 10 stock exchange filing.
As of Aug. 10, US$1 was equivalent to 64.08 Indian rupees.