Finance

dfc: Shriram Transport Finance raises $250 million loan from DFC

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.

The transport finance company had earlier raised another $475 million in bonds from the international market during the start of this year.

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