Shriram Finance Limited (SFL) has secured a landmark syndicated External Commercial Borrowing (ECB) loan totalling $1.277 billion, marking the largest such transaction for an Indian private non-banking financial company (NBFC). The loan, structured across multiple currencies including USD, EUR, and AED, was arranged with 12 leading banks, including the International Finance Corporation.
The shares of Shriram Finance Limited (SFL) were trading at ₹2,919.50 down by ₹57.40 or 1.93 per cent on the NSE today at 2.45 pm.
The five-year facility will be deployed to support small entrepreneurs and vulnerable groups across India. Key global financial institutions including DBS Bank, HSBC, Standard Chartered Bank, and MUFG Bank participated as global coordinators and lead arrangers.
Umesh Revankar, Executive Vice Chairman of Shriram Finance, highlighted the transaction as a defining moment for the company, demonstrating its ability to access global capital markets. The loan builds on the company’s recent successful fundraising, following $468 million raised earlier this year and $404 million in 2023.
With Assets Under Management of ₹2,43,043 crores, Shriram Finance continues to expand its financial services, offering loans across commercial vehicles, two-wheelers, personal segments, and small business financing. The company operates a nationwide network of 3,149 branches, serving over 9.026 million customers.
