Shriram Finance, one of India's largest non-banking financial companies (NBFCs), is actively exploring possibilities for raising funds, including the issuance of equity-linked securities. This strategic move aims to support its ambitious growth plans and expand its operations.
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Fundraising Strategy: Shriram Finance is considering various options to raise funds, including equity-linked securities, to fuel its expansion plans and strengthen its financial position.
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Recent Fundraising: The company has already secured significant funding, including a $1.3 billion multicurrency loan in December 2024 and an additional $306 million from multilateral institutions, totaling over $2.8 billion in offshore funding this financial year.
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Growth Plans: Shriram Finance aims to cross ₹3 lakh crore in assets by FY26, with a projected loan growth of 15%. The focus will be on MSME financing and green initiatives like electric vehicles.
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Market Presence: The company is expanding its presence in rural and semi-urban areas, capitalizing on growing demand for loans in these regions.
Source: Equitymaster, Angel One, Bloomberg, Economic Times