Shriram Finance Limited plans to raise up to ₹35,000 crore on a private placement basis to meet its growing business requirements.
The NBFC said in a filing that on Saturday the board approved the issue of non-convertible debentures, bonds or debt securities on private placement basis to raise funds subject to shareholder approval.
The board declared an interim dividend of ₹15 per share for FY23 and will be paid by January 18.