SHRIRAMFIN

Dec 31 (Reuters) - Shriram Finance Ltd SHMF.NS:

• GETS TAX PENALTY FOR 130.4 MILLION RUPEES

Source text: ID:nBSE2mBpCS

Further company coverage: SHMF.NS

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Dec 22 (Reuters) - Mitsubishi UFJ Financial Group Inc 8306.T:

• INDIA'S SHRIRAM FINANCE EXEC: NO TALKS ABOUT BEING A BANK AT THIS POINT FOR SHRIRAM FINANCE

• SHRIRAM FINANCE EXEC: WE WILL BE ABLE TO GROW AT 20% CAGR IN NEXT 4-5 YEARS IN VEHICLE FINANCE PORTFOLIO

• SHRIRAM FINANCE EXEC: DONT SEE BIG STRUCTURAL CHANGE IN BUSINESS WITH MUFG DEAL

• SHRIRAM FINANCE EXEC ON MUFG DEAL: MANAGEMENT WILL REMAIN WITH SHRIRAM FINANCE

• SHRIRAM FINANCE EXEC: MUFG DEAL MAY HELP BRING DOWN CREDIT COST BY 50-75BPS ON HIGHER CREDIT RATING

• SHRIRAM FINANCE EXEC ON MUFG DEAL: WITH CAPITAL INFUSION, THE CAPITAL ADEQUACY RATIO WILL INCREASE TO 31%

• SHRIRAM FINANCE EXEC: LOOKING TO RESTRUCTURE SHRIRAM CAPITAL IN LENDING AND NON-LENDING ACTIVITY

• SHRIRAM FINANCE EXEC ON MUFG DEAL: CO’S ROE POST INVESTMENT WILL COME DOWN TO 13.5%

Source text: [ID:]

Further company coverage: 8306.T

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Adds details in paragraphs 2-4, 9-14 and 16-17

By Gopika Gopakumar and Anton Bridge

MUMBAI/TOKYO, Dec 19 (Reuters) - Japan's MUFG 8306.T will acquire a 20% stake in Indian non-bank lender Shriram Finance Ltd (SFL) SHMF.NS for $4.4 billion, the companies said on Friday, the largest cross-border investment in India's financial sector.

The deal marks MUFG's biggest commitment in India, surpassing its $1.7 billion investments in previous years.

"There's a chance we may push our stake above 50%. The regulations allow for acquiring over 50%. So naturally it's a possibility at an appropriate time," said Masashige Nakazono, executive officer at MUFG Bank and head of the global commercial banking planning division.

India's financial sector has witnessed nearly $15 billion worth of deals so far this year, more than double the $6.5 billion recorded in 2024, according to Dealogic data.

MUFG's move follows Emirates NBD Bank's ENBD.DU $3 billion acquisition of a 60% stake in Indian private lender RBL Bank RATB.NS in November, the largest investment in the sector by a foreign bank until now.

JAPAN'S BANKS EXPAND ABROAD AMID SHRINKING DOMESTIC MARKET

For years, Japan's biggest banks have sought overseas targets in the face of a shrinking domestic market and rock-bottom interest rates. India, with its fast-growing economy, has become a popular destination.

In a similar move, Sumitomo Mitsui Banking Corporation, a unit of Sumitomo Mitsui Financial Group 8316.T, bought a 24.2% stake in Indian lender Yes Bank YESB.NS, starting with a 20% stake for $1.6 billion in May.

SFL, owned 24.9% by the Shriram Group, stated that the transaction is subject to regulatory approval.

The SFL board has also approved granting MUFG certain minority protection rights, including the right to nominate up to two non-independent directors on its board and pre-emptive rights to maintain proportional shareholding. These rights will lapse if MUFG's stake falls below 10% on a fully diluted basis, the company added.

MUFG will also have to pay a one-time non-compete and non-solicit fee of $200 million to SFL's major shareholder Shriram Ownership Trust, subject to the non-bank lender's shareholders' approval.

India allows up to 100% foreign ownership in non-banking finance companies, unlike banks where foreign institutional stakes are capped at 15% per entity unless exempted by the RBI. Earlier this month, the RBI clarified that banks can hold equity in NBFCs, easing a regulatory hurdle for MUFG’s investment in Shriram Finance.

Shriram Finance said the deal would improve its capital adequacy ratio, strengthen its balance sheet, and provide long-term growth capital. It also expects benefits from a diversified liability base and improved credit ratings.

"MUFG's investment will make Shriram's funding base sustainable. Cost of funds will come down, and return on assets will improve by 50-60 basis points. This deal is a game changer for Shriram Finance as it ensures higher market share given the enhanced capital and strong franchise," said Mahrukh Adajania, senior banking analyst at Nuvama Wealth Management.

MUFG'S INDIA PLANS

The investment forms part of MUFG's strategy to expand its lending activities in India, with plans to move beyond corporate banking into lending to SMEs and individuals, Nakazono said.

Shriram Finance, one of India's biggest retail non-banking financial entities, provides credit solutions for commercial and passenger vehicles for SMEs and individuals. Its assets under management stood at 2.8 trillion rupees, or $31 billion, as of the end of September.

MUFG has been present in India for more than 130 years, expanding its operations in recent years. In 2022, MUFG invested $565 million in India's digital lender DMI Finance, becoming the second-largest shareholder with a 20% stake.

Shares of Shriram Finance closed up 3.7% at 901.75 rupees following the news. Since talks of the MUFG deal were first reported in early October, the non-bank lender's shares have jumped about 46%.

Shriram Finance noted that Shriram Capital, its holding company, is exploring restructuring options to consolidate its lending operations into a single entity.

Shriram Capital also owns businesses in insurance, mutual funds, wealth management and retail stockbroking.

(Reporting by Gopika Gopakumar in Mumbai, Nandan Mandayam and Urvi Dugar in Bengaluru; Editing by Sonia Cheema, Muralikumar Anantharaman, Elaine Hardcastle and Jacqueline Wong)

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By Aditya Kalra and Miho Uranaka

NEW DELHI/TOKYO, Dec 17 (Reuters) - Japan's Mitsubishi UFJ Financial Group (MUFG) 8306.T is set to invest more than $4 billion for a roughly 20% stake in Indian non-bank financial company Shriram Finance SHMF.NS, with the deal to be closed on Friday, two people with knowledge of the matter said.

MUFG declined to comment, while Shriram Finance did not respond to Reuters' queries.

It would be the latest in a string of overseas expansion deals by Japanese banks, which are looking for stronger growth than is available in a domestic market where the population is ageing and declining. India has become a popular destination due to its fast-growing economy.

Larger Japanese rival Sumitomo Mitsui Financial Group 8316.T bought 24.2% of Indian lender Yes Bank YESB.NS this year, starting with a 20% stake for $1.6 billion in May.

Japan's Mizuho Securities said on Wednesday it would buy a majority stake in Indian investment bank Avendus from U.S. investment firm KKR KKR.N for up to 81 billion yen ($523 million).

Bloomberg reported on Monday that MUFG may invest more than $3.2 billion in the Shriram Finance deal, but the two sources said the amount will be much higher.

While both said the amount will be in excess of $4 billion, one of the sources put the number at about $4.3 billion, or 390 billion Indian rupees. They declined to be named because the details are confidential.

Shriram Finance late on Tuesday told Indian stock exchanges that its board would meet on Friday to discuss and approve a proposal to raise funds, without elaborating.

Shriram Finance is one of India's biggest retail non-banking financial entities, offering credit solutions for commercial vehicles, cars, scooters and personal loans. Its assets under management stood at 2.8 trillion Indian rupees, or $31 billion, as of the end of September.

(Reporting by Aditya Kalra in New Delhi and Miho Uranaka in Tokyo; Additional reporting by Vibhuti Sharma and Gopika Gopakumar; Editing by Jamie Freed)

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Oct 31 (Reuters) - Shriram Finance Ltd SHMF.NS:

• Q2 PROFIT 23.07 BILLION RUPEES; IBES EST. 22.29 BILLION RUPEES

• Q2 INTEREST INCOME 115.51 BLN RUPEES

• DIVIDEND 4.8 RUPEES PER SHR

• APPROVED RESOURCE MOBILISATION PLAN INCLUDING ISSUANCE OF NCDS

• APPROVED ISSUANCE OF DEBENTURES ON PRIVATE PLACEMENT BASIS

Source text: [ID:]

Further company coverage: SHMF.NS

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MUMBAI, Oct 24 (Reuters) - India's Shriram Finance SHMF.NS plans to raise 15 billion rupees ($170.7 million), including a greenshoe option of 7.5 billion rupees, through the reissue of 8.70% April 2028 bonds, three bankers said on Friday.

It has invited coupon and commitment bids for the issue on Monday, they said.

The company did not respond to a Reuters email seeking comment.

Here is the list of deals reported so far on October 24:

*Size includes base plus greenshoe for some issues

($1 = 87.8950 Indian rupees)

(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Sonia Cheema)

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Oct 14 (Reuters) - Shriram Finance Ltd SHMF.NS:

• TO CONSIDER RESOURCE MOBILISATION PLAN FOR DEBT SECURITIES

Source text: ID:nBSE1q4ZQk

Further company coverage: SHMF.NS

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Oct 8 (Reuters) - Tata Capital's TATC.NS $1.75 billion public share sale was fully subscribed on Wednesday, the final day of a three-day bidding process, as investors lined up for India's biggest offering this year amid a rush of new listings.

The Mumbai-based financial services company raised $523.2 million from anchor investors, including LIC and Norway's wealth fund last week, and is seeking a valuation of up to $15 billion.

The Tata Group company is India's third-largest non-bank lender in terms of revenue, trailing Shriram Finance SHMF.NS and Bajaj Finance BJFN.NS, which holds the top position.

The IPO comes at a bustling time for domestic listings, with the October-December quarter set to see $8 billion worth of fundraising, likely to be the second busiest on record.

(Reporting by Yagnoseni Das in Bengaluru; Editing by Rashmi Aich and Harikrishnan Nair)

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Oct 1 (Reuters) - Shriram Finance Ltd SHMF.NS:

• SHRIRAM FINANCE LTD - DENIES MUFG STAKE SALE REPORTS

Source text: ID:nNSEbT4bcc

Further company coverage: SHMF.NS

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** Shares of Shriram Finance Ltd SHMF.NS climb 2.1% to 633.05 rupees

** Stock leads weekly gains among Nifty 50 .NSEI constituents with 6.8% jump

** CLSA maintains "outperform" rating, PT of 735 rupees; non-bank lender tells analysts at the brokerage it expects better performance in H2 of FY26

** SHMF says medium and small businesses, gold, and car loan portfolios to drive growth in medium term

** SHMF's low exposure to export-oriented enterprises and stable asset prices provides comfort on asset quality - CLSA

** Analysts tracking SHMF rate it "buy" on avg, median PT of 32 analysts is 730 rupees - data compiled by LSEG

** Stock up 9.5% YTD, tops Nifty 50's 6.3% climb

(Reporting by Nandan Mandayam in Bengaluru)

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** Shares of Shriram Finance Ltd SHMF.NS climb 2.7% to 632.40 rupees

** Stock top pct gainer on blue-chip Nifty 50 .NSEI index, which is down 0.2%

** Jefferies ("buy", PT: 800 rupees) analysts say they liked non-bank lender's steady loan growth and asset quality in Q1

** SHMF's valuations appear reasonable, they add

** HSBC ("buy". PT: cuts to 730 rupees) says SHMF's large book of fixed rate loans makes it "a significant beneficiary of falling (repo) rate environment"

** ICICI Securities ("hold", PT: 640 rupees) says credit cost moderation in a challenging quarter for SHMF "reflects its business resiliency and risk management"

** Analysts tracking stock rate it "buy" on average; median PT is 734 rupees - data compiled by LSEG

** Stock up 9.5% so far this year, outperforming Nifty 50's 4.9% climb

(Reporting by Nandan Mandayam in Bengaluru)

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July 25 (Reuters) - Shriram Finance Ltd SHMF.NS:

• SHRIRAM FINANCE Q1 PROFIT 21.56 BILLION RUPEES; IBES EST. 21.91 BILLION RUPEES

• SHRIRAM FINANCE Q1 INTEREST INCOME 111.73 BILLION RUPEES

• SHRIRAM FINANCE LTD - APPROVES DEBT SECURITIES ISSUANCE PLAN

Source text: [ID:]

Further company coverage: SHMF.NS

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July 15 (Reuters) - Shriram Finance Ltd SHMF.NS:

• TO CONSIDER PERIODICAL RESOURCE MOBILISATION PLAN FOR ISSUANCE OF DEBT SECURITIES

Source text: ID:nBSE7xd02L

Further company coverage: SHMF.NS

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July 11 (Reuters) - Shriram Finance Ltd SHMF.NS:

• TO PURCHASE OUTSTANDING NON-CONVERTIBLE DEBENTURES WITHIN SPECIFIED LIMITS

Source text: ID:nBSE2FJ3tp

Further company coverage: SHMF.NS

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July 8 (Reuters) - Shriram Finance Ltd SHMF.NS:

• TO CONSIDER PURCHASE/REPURCHASE OF OUTSTANDING NCDS

Source text: ID:nnAZN44KHJF

Further company coverage: SHMF.NS

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MUMBAI, June 27 (Reuters) - India's Shriram Finance SHMF.NS has accepted bids worth 4.85 billion rupees ($56.7 million) for the reissue of 9.2330% May 2027 bonds, three merchant bankers said on Friday.

The non-banking finance company will offer a yield of 7.75% and had invited bids from bankers and investors earlier in the day, they said.

The company did not reply to a Reuters email seeking comment.

Here is the list of deals reported so far on June 27:

*Size includes base plus greenshoe for some issues

($1 = 85.4870 Indian rupees)

(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Mrigank Dhaniwala)

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MUMBAI, June 26 (Reuters) - India's Shriram Finance SHMF.NS plans to raise 5 billion Indian rupees ($58.22 million) for the reissue of 9.2330% May 2027 bonds, three merchant bankers said on Thursday.

The non-banking finance company will offer a yield of 7.75% and has invited bids from bankers and investors on Friday, they said.

The company did not reply to a Reuters email seeking comment.

Here is the list of deals reported so far on June 26:

*Size includes base plus greenshoe for some issues

($1 = 85.8800 Indian rupees)

(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Vijay Kishore)

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** Motilal Oswal raises PT on Shriram Finance SHMF.NS by 23% to 800 rupees, implying a 24.5% upside to current price

** Brokerage reiterates stock as top pick in the non banking finance segment

** Says, it expects transitory issues such as asset quality issues and net interest margin compression to gradually subside for SHMF

** Adds, SHMF's execution on growing its assets under management and maintaining asset quality has been far ahead of peers

** Says FY26 outlook for co looks better amid expectations of an economic revival supported by high government capex

** Expects diversification from automotive lending into other high growth segments to yield margin improvement

** On the day SHMF down ~1% to 642.5 rupees

** SHMF shares have risen ~42% in the last 12 months

(Reporting by Ananta Agarwal in Bengaluru)

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MUMBAI, May 22 (Reuters) - India's Shriram Finance SHMF.NS has accepted bids worth 5 billion rupees ($58.2 million) for the reissue of 8.70% April 2028 bonds, three merchant bankers said on Thursday.

The non-banking finance company will offer a yield of 8.1295% and had invited bids from bankers and investors earlier in the day, they said.

The company did not reply to a Reuters email seeking comment.

Here is the list of deals reported so far on May 22

* Size includes base plus greenshoe for some issues

($1 = 85.9000 Indian rupees)

(Reporting by Dharamraj Dhutia; Editing by Sumana Nandy)

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By Dharamraj Dhutia

MUMBAI, April 30 (Reuters) - Indian companies, led by state-run firms, have accelerated their plans to raise debt from the markets as the central bank's fresh bond purchase scheme surprised markets and pushed borrowing costs lower.

Four Indian state-run firms - Power Finance Corp PWFC.NS, NHPC, IREDA and HUDCO - are set to raise an aggregate of 125 billion rupees ($1.5 billion) and have invited bids on Wednesday and Friday.

They did not immediately reply to a Reuters email seeking comment.

State-run firms have already raised around 393 billion rupees via bonds earlier this month.

"The recent rush of issuances by state-run firms looks like a well-timed move to benefit from softening yields after the Reserve Bank of India's bond buying announcement," Suresh Darak, founder of Bondbazaar, an online bond trading platform.

On Monday evening, the RBI announced it plans to buy bonds worth 1.25 trillion rupees through open market purchases, after picking up bonds worth 1.20 trillion rupees in April.

AAA-rated corporate bond yields across the curve have eased by around 5-10 basis points since then, and spreads with government bond yields have shrunk further.

"By front-loading borrowings, these companies are locking in lower funding costs; (it) reflects smart liability management," Darak said.

Including these issuances, state-run firms have raised around 518 billion rupees - more than five times the roughly 100 billion rupees that such companies raised in April 2024.

It also constitutes more than 50% of the total funds raised by companies in the first five weeks of the current fiscal 2026.

"Issuers want to take advantage of the fall in yields, and that is a primary driver that they are rushing to issue debt," said Umesh Khandelwal, chief business officer at Tipsons Group.

For context, all debt fundraises in the first five weeks of fiscal 2025 came up to 450 billion rupees.

Apart from these firms, non-banking finance companies have also been major issuers, including Shriram Finance and Bajaj Finance.

Among the borrowers hitting the market this week, PFC is raising 35 billion rupees through zero-coupon deep-discount bonds with a maturity of 10 years and one month. Traders are anticipating aggressive demand for this issue.

($1 = 85.1140 Indian rupees)

(Reporting by Dharamraj Dhutia; Editing by Janane Venkatraman)

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** India's Shriram Finance SHMF.NS drops 8.2% to 601.25 rupees, set for its third straight losing session

** The non-bank lender missed fourth-quarter profit estimates on Friday with asset quality deteriorating

** Jump in credit costs and net interest margin under pressure was "unexpected", say HSBC Global Research analysts

** Asset quality pressures have driven credit costs higher, says Nomura

** However, HSBC analysts add that while SHMF's near-term earnings are in pressure, earnings growth and profitability are "healthy" on a two-year compound annual growth rate basis

** Stock trims YTD gains to 5% vs Nifty 50 .NSEI index's 2% climb

(Reporting by Kashish Tandon in Bengaluru)

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April 25 (Reuters) - India's Shriram Finance reported a smaller-than-expected fourth-quarter profit on Friday as high finance costs pressured its bottom line, despite the central bank easing some rules around capital requirements.

The non-banking finance company (NBFC) reported a near 10% year-on-year rise in standalone profit to 21.39 billion rupees ($250.5 million) for the quarter ended March 31, the slowest since December 2023 quarter.

Analysts, on average, had expected a profit of 22.24 billion rupees, according to data compiled by LSEG data.

The company's financing costs rose 31% in the quarter, the most since the three months ended June 2023.

In February, the Reserve Bank of India partially reversed some rules around risk weights for banks and NBFCs that had slowed credit growth in the second and third quarters of fiscal 2025. Analysts had hoped the relaxation in rules would reverse that trend.

However, the pressure has persisted, with analysts at Elara Capital noting that the NBFC universe was set for a weak fourth-quarter, with earnings growth to remain modest due to measured asset growth expansion, elevated credit cost and operating cost pressures.

Shriram Finance's net interest income, the difference between interest earned on loans given out and paid on funds borrowed, rose 13.4% to 60.51 billion rupees.

Its net interest margin rose to 8.25%, but the key profitability metric has not recovered after it tumbled from the March 2024 quarter's 9.02%.

Its assets under management rose 17% to 2.63 trillion rupees in the fourth quarter, its slowest rise since the March 2023 quarter.

Shriram Finance's shares ended the day 6% lower at 655.2 rupees.

($1 = 85.4010 Indian rupees)

(Reporting by Ashish Chandra in Bengaluru; Editing by Janane Venkatraman )

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April 10 (Reuters) - Shriram Finance Ltd SHMF.NS:

• EXPLORING POSSIBILITIES FOR RAISING FUNDS

• CONSIDERING RAISING FUNDS VIA ISSUE OF QIP OR ANY OTHER EQUITY LINKED SECURITIES

Source text: ID:nBSE75L26Q

Further company coverage: SHMF.NS

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MUMBAI, April 8 (Reuters) - India's Shriram Finance SHMF.NS has accepted bids worth 17.15 billion rupees ($199.29 million) for bonds maturing in three years, and five years and three months, three merchant bankers said on Tuesday.

The non-banking finance company will pay an annual coupon of 8.60% for both notes and had invited bids from bankers and investors for the options earlier in the day, they said.

Shriram Finance did not immediately reply to a Reuters email seeking comment.

Here is the list of deals reported so far on April 8:

*Size includes base plus greenshoe for some issues

($1 = 86.0575 Indian rupees)

(Reporting by Khushi Malhotra; Editing by Janane Venkatraman)

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MUMBAI, April 7 (Reuters) - India's Shriram Finance SHMF.NS plans to raise 37.50 billion rupees ($438.1 million), including a greenshoe option of 30 billion rupees, through a sale of bonds maturing in three years, as well as five years and three months, three merchant bankers said on Monday.

The non-banking financial company has invited bids from bankers and investors for both the options on Tuesday, they said.

Shriram Finance did not immediately reply to a Reuters email seeking comment.

Here is the list of deals reported so far on April 7:

*Size includes base plus greenshoe for some issues

($1 = 85.6050 Indian rupees)

(Reporting by Dharamraj Dhutia and Khushi Malhotra
Editing by Eileen Soreng)

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April 1 (Reuters) - Shriram Finance Ltd SHMF.NS:

• SHRIRAM FINANCE LTD - RBI APPROVES SHRIRAM FINANCE'S 100% ACQUISITION OF SOIPL

Source text: ID:nNSE3kjG7X

Further company coverage: SHMF.NS

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March 17 (Reuters) - Shriram Finance Ltd SHMF.NS:

• SHRIRAM FINANCE LTD - RAISES OVER USD 306 MILLION FROM DEVELOPMENT FINANCIAL INSTITUTIONS

Source text: [ID:]

Further company coverage: SHMF.NS

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Corrects to Thursday from Wednesday in first paragraph

Feb 27 (Reuters) - Shares of most Indian financial companies, especially those of non-bank and microfinance-focussed lenders, jumped on Thursday after the central bank further eased its capital requirements for micro loans and bank credit.

Financial stocks .NIFTYFIN, which include non-bank finance companies (NBFCs), jumped about 1%, outpacing the 0.7% increase in banking stocks .NSEBANK. The benchmark Nifty 50 .NSEI, in comparison, was flat.

The Reserve Bank of India, on Tuesday, trimmed the higher capital requirements introduced in November, the latest in a series of growth-supportive measures since Sanjay Malhotra took over as governor in December.

Under his watch, the RBI has eased liquidity, delayed some regulations and loosened restrictions placed on some lenders.

"We think this bodes well for the financial sector and lays more emphasis on consumption and growth ... and (we) reiterate our bullish view," Macquarie analyst Suresh Ganapathy said in a note.

On the day, Bandhan Bank BANH.NS gained 6%, while Shriram Finance SHMF.NS, AU Small Finance Bank AUFI.NS and Ujjivan Small Finance Bank UJJI.NS rose about 5% each.

Cholamandalam Investment and Finance CHLA.NS and Aditya Birla Capital ADTB.NS advanced 4.5% each. Bajaj Finance BJFN.NS rose 2.7% and IndusInd Bank INBK.NS gained 2%.

In comparison, top private lenders such as ICICI Bank ICBK.NS and HDFC Bank HDBK.NS were up under 1%.

The RBI's move should help most NBFCs' earnings, Morgan Stanley analysts said, picking Aditya Birla Capital, PNB Housing, Shriram Finance and Bajaj Finance as top beneficiaries.

Nomura analysts said banks with higher microfinance loan exposure, such as Bandhan Bank, IndusInd and AU Small Finance Bank, would also get much needed relief.

Since the rules were implemented in November, Aditya Birla Capital's shares had slid 16%, while AU Small Finance Bank and IndusInd Bank sank 28% and 31%, respectively. The worst hit, with a 38% tumble, was Bandhan Bank -- the day's top gainer.

However, Axis Bank Chief Economist Neelkanth Mishra cautioned that a reversal in the broad-based slide in loan growth -- caused by high liquidity costs and the RBI's discomfort with high loan-to-deposit ratios -- could take time.

"While these (RBI) signals should help revive lending, we believe the binding constraint remains durable liquidity."

(Reporting by Sethuraman NR; Editing by Savio D'Souza)

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Feb 14 (Reuters) - Shriram Finance Ltd SHMF.NS:

• RBI: IMPOSES PENALTY OF 580,000 RUPEES ON SHRIRAM FINANCE

Source text: [ID:]

Further company coverage: SHMF.NS

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Feb 13 (Reuters) - Shriram Finance Ltd SHMF.NS:

• AVAILS SACE EXTERNAL COMMERCIAL BORROWING LOAN FACILITY

• RAISES OVER USD 500 MILLION EQUIVALENT SACE COVERED LOAN FACILITY

Source text: ID:nNSE8zVpty

Further company coverage: SHMF.NS

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