Debt Debt financing
Shriram Transport Finance raises $250-M from US DFC
Source Mint (opens in a new tab)
Shriram Transport Finance Company Ltd (STFC), a commercial vehicle financier and a part of the Shriram Group, has raised a fixed-rate, 10-year loan of USD 250 million from the US International Development Finance Corporation (DFC).
Proceeds from DFC loan will be used for vehicle finance for commercial purposes; alternative fuel financing; funding women entrepreneurs; empower and promote social and economic status of the underserved communities.