Shriram Finance plans to raise up to $1.5bn by FY25 from international sources, diversifying borrowings.
Shriram Finance, an Indian non-banking lender, plans to raise up to $1.5bn from international sources by FY25, according to CEO Y S Chakravarti. The funds will be raised through a mix of loans and bonds, to diversify borrowings. The move follows the Reserve Bank of India's November mandate to set aside more capital for loans to NBFCs, increasing fundraising expenses.
August 27, 2024
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