Shriram Transport NCD issue opens on 26 July 2012

Shriram Transport Finance Company Limited (STFC), the largest asset financing NBFCs in India*, plans to enter the debt capital market on July 26, 2012 with a public issue of Secured Non Convertible Debentures of face value of Rs 1,000 each, ("NCDs"), aggregating upto Rs. 300 crores with an option to retain over-subscription upto Rs. 300 crores for issuance of additional NCDs aggregating to a total of upto Rs. 600 crores ("Issue")

The Issue shall be open for subscription from July 26, 2012 to August 10, 2012 with an option to close the Issue on such earlier date or extended date as may be decided at the discretion of the duly authorised committee of Directors of the Company subject to necessary approvals. The NCDs proposed to be issued under this Issue have been rated 'CRISIL AA/Stable' by CRISIL for an amount of upto ` Rs. 600 crores' and 'CARE AA+' by CARE for an amount of upto 'Rs. 600 crores'. The rating of the NCDs by CRISIL and CARE indicates high degree of safety regarding timely servicing of financial obligations and carrying very low credit risk. The NCDs offered through the Prospectus dated July 16, 2012, are proposed to be listed on the NSE and the BSE.

The funds raised through this Issue, after meeting the expenditures of and related to the Issue, will be used for STFC's various financing activities including lending and investments, for repaying the existing loans and for the business operations including capital expenditure and working capital requirements.

JM Financial Institutional Securities Private Limited, A.K. Capital Services Limited, ICICI Securities Limited, Kotak Mahindra Capital Company Limited are the Lead Managers to the Issue