Shriram Transport Finance Company Limited
to raise Rs. 1,000 crores through
Secured Non Convertible Debentures
MUMBAI 20th June, 2011: Shriram Transport Finance Company Limited (STFC), the largest Indian asset
financing NBFC (Source: The D&B Research Report and the CRISIL Report, in terms of their research based on
various financial and nonfinancial parameters.), plans to enter the debt capital market on June 27, 2011 with a
public issue of Secured Non Convertible Debentures (NCDs) of face value of Rs. 1,000 each The NCD issue
would aggregate up to Rs. 500 crores with an option to retain over-subscription up to Rs. 500 crores for
issuance of additional NCDs aggregating to a total of up to Rs. 1,000 crores.
The NCDs proposed to be issued under this Issue have been rated ‘AA/Stable’ by CRISIL and 'CARE AA+' by
CARE. The rating of the NCDs by CRISIL indicates high degree of safety with regard to timely payment of
interest and principal on the NCDs, while the rating of NCDs by CARE indicates high safety for timely
servicing of debt obligations. The NCDs offered through this Draft Prospectus are proposed to be listed on the
National Stock Exchange of India Limited (“NSE”).
The Issue shall be open from June 27, 2011 to July 9, 2011 with an option to close earlier and/or extend up to
a period at the discretion of the duly authorised committee of Directors of the Company subject to necessary
approvals. The funds raised through this Issue will be used for various financing activities including lending
and investments, to repay existing loans and for business operations including capital expenditure and
working capital requirements.
JM Financial Consultants Private Limited and ICICI Securities Limited are the Lead Managers to the Issue
while RR Investors Capital Services Private Limited and Karvy Investor Services Limited are the Co-Lead
Managers to The Issue.
About Shriram Transport Finance Company:
Shriram Transport Finance Company Limited (STFC), the largest Indian asset financing NBFC (Source: The
D&B Research Report and the CRISIL Report, in terms of their research based on various financial and
nonfinancial parameters.), with a primary focus on financing pre-owned commercial vehicles. The Company
is among the leading financing institutions in the organized sector for the commercial vehicle industry in
India for FTUs and SRTOs. STFC also provides financing for passenger commercial vehicles, multi-utility
vehicles, three wheelers, tractors, construction equipment, ancillary equipment and vehicle parts finance,
such as loans for tyres and engine replacements, and provides working capital facility for FTUs and SRTOs.
We provide ancillary financial services targeted at commercial vehicle operators such as freight bill
discounting and also market co-branded credit cards targeted at commercial vehicle operators in India,
thereby providing comprehensive financing solutions to the road logistics industry in India.
STFC has recently forayed into the business of providing stock yard services, refurbishing pre-owned
commercial vehicles and construction equipment and providing a trading platform for the auctioning and
sale of such pre-owned commercial vehicles and construction equipment, showrooms for refurbished pre-
owned commercial vehicles through its wholly-owned subsidiary, Shriram Automall India Limited, which
was incorporated on February 11, 2010. The Company has also forayed into the business of providing
equipment finance in connection with both new and pre-owned construction and other equipment, through
our wholly owned subsidiary, Shriram Equipment Finance Company Limited.
Established in 1979, STFC has a long track record of over three decades in the commercial vehicle financing
industry in India. The Company has been registered as a deposit-taking NBFC with the RBI since September
4, 2000 under Section 45IA of the Reserve Bank of India Act, 1934. It is a part of the Shriram group of
companies which has a strong presence in financial services in India, including commercial vehicle financing,
consumer finance, life and general insurance, stock broking, chit funds and distribution of financial products
such as life and general insurance products and mutual fund products, as well as a growing presence in other
businesses such as property development, engineering projects and information technology.
For further details please contact:
Deepika Singh | Concept PR | 98339 89240 | email@example.com
Shruti Naik | Concept PR | 98195 40049 | firstname.lastname@example.org