June 10

Shriram Transport Finance Raises $250 Million Loan From Development Finance Corporation

Shriram Transport Finance Company, a leading commercial vehicle financer, secured long-term funding of $250 million from the US International Development Finance Corporation (DFC).

The external commercial borrowing is a fixed-rate 10-year loan, the company announced Thursday.

The funds raised from DFC will enable STFC to on-lend for the purchase of new and used vehicles throughout India.

Source: The Economic Times (link opens in a new window)

Finance, Transportation
financial inclusion, transportation