Shriram Finance Announces Rs 900 Crore Debenture Buyback Offer

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has launched a buyback offer worth ₹900 crore for its outstanding listed NCDs (ISIN INE721A07RU2), offering an early exit to debenture holders. The offer will be on a first-come, first-serve basis from August 28 to September 1, 2025, with settlement on September 2. Approved by the Banking & Finance Committee on July 30, the NCDs carry a 9.25% annual coupon and were originally set to mature on December 19, 2025. The buyback pricing is expected in the 6.50%-7.50% yield range, subject to discussions with investors. Holders on record as of August 5 must transfer their debentures to the company’s designated demat account to participate. The move reflects the company’s disciplined liability management and focus on strengthening liquidity.