7/3/2024, 9:59:03 am

Shriram Finance plans to raise $200 million

Non-banking finance company Shriram Finance is set to borrow $200 million through a external commercial borrowing (ECB) facility from a clutch of foreign banks as early as next week as it shores up its funding to feed credit demand. The company has sought interest from foreign banks for what will be classified as a social loan because of Shriram's lending profile.