Debt

Debt financing

Shriram Transport Finance raises $250-M from US DFC

Mint  

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.