Shriram Finance plans to raise $250 million through external commercial borrowing (ECB) in the fourth quarter of the current financial year, as stated by CEO YS Chakravarti.
The ECB will enable the non-banking finance company to access funding in foreign currency or Indian rupees from overseas markets.
In addition, Shriram Finance recently obtained $500 million through senior secured notes, which will mature in 2028 with an interest rate of 6.5 percent.
This strategic fundraising effort demonstrates the company's commitment to strengthening its capital structure and supporting its growth objectives in the competitive financial landscape.