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Shriram Finance Ltd. is planning to raise up to ₹35,000 crore on a private placement basis to meet its growing business needs.
On Saturday, the board gave its approval to raise the money either by way of issue of non-convertible debentures, bonds or debt securities on a private placement basis, subject to shareholder’s approval, the NBFC said in a filing.
The board declared an interim dividend of ₹15 per share for FY23 and it would be paid by January 18.
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