Shriram City Union Finance has been planning to raise Rs 100 crore through issuing non-convertible debentures (NCDs) on a private placement basis.

It has said in a regulatory filing that “The company intends to raise funds through issue and allotment on private placement basis of 1,000 secured non-convertible debentures of face value of Rs 10 lakh each aggregating to Rs 100 crore.”

It has said that the allotment of bonds is to be considered by the Banking and Securities Management Committee of the Board of Directors at its meeting that is to be held on October 7.

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