Tuesday, Mar 18 2025 | Time 19:09 Hrs(IST)
Business Economy


Shriram Finance raises over USD 306 Million from development financial instituions

New Delhi, Mar 17 (UNI) Shriram Finance Limited (SFL), the flagship company of the Shriram Group, said on Monday that it has successfully secured a landmark External Commercial Borrowing (ECB)
of over USD 306 Million from various Multilateral and Bilateral Development Financial Institutions.
The latest facility, availed under SFL’s Social Finance Framework, saw participation from leading global financial institutions, including the Asian Development Bank (ADB), Japan International Cooperation Agency (JICA), and Exim Bank of India (EXIM) with a long tenor financing. This transaction further strengthens SFL’s position as a leader in offshore fundraising and underscores
its strategic focus on diversifying funding sources while optimizing costs, the company said in a statement.
Micro, Small, and Medium Enterprises (MSMEs) play a crucial role in India’s economy, contributing 30% of the GDP and 45% of exports. The facility with ADB and JICA is aimed at expanding access
to finance for MSMEs, with a particular focus on business loans, electric vehicles (EVs), low-emission commercial vehicles, and financing for women-owned or women-led enterprises.
Additionally, SFL’s partnership with EXIM will help support the niche yet vital MSME export sector while diversifying its lending portfolio into new markets.
This transaction marks another significant offshore fundraising milestone for SFL, following its landmark SACE Push facility of USD 500 Million in February and the historic USD 1.2 Billion syndication facility raised in December last year.
With this latest transaction, SFL has successfully raised over USD 2.8 Billion in offshore funding in the current financial year, further cementing its leadership in structured finance and sustainable funding initiatives.
Umesh Revankar, Executive Vice Chairman of Shriram Finance Limited, stated: “This transaction marks another milestone in our journey to strengthen financial inclusion and sustainable growth. By forging partnerships with esteemed global institutions like ADB, JICA, and EXIM, we are expanding our ability to empower MSMEs, support green financing, and drive economic progress. The confidence shown by these institutions reinforces our commitment to providing innovative financial solutions that create meaningful impact across communities.”
ADB Country Director for India, Mio Oka, added: “This project underscores ADB’s commitment to promoting financial inclusion and sustainable development in India while addressing the financing gap faced by MSMEs. By partnering with Shriram Finance Limited, we will empower MSMEs, particularly women entrepreneurs, and accelerate the transition to electric mobility—an essential
step toward reducing air pollution and achieving India’s climate goals.”
This transaction aligns with SFL’s strategic focus on expanding its lender base and accessing diversified pools of capital to support its mission of empowering small business owners and individuals with responsible financial solutions. By leveraging global partnerships, SFL continues
to lead the way in mobilizing sustainable capital for India’s economic growth and development.
UNI SKB BM
More News
Rupee ends strong at 86 56 against USD

Rupee ends strong at 86 56 against USD

18 Mar 2025 | 6:22 PM

Mumbai, Mar 18 (UNI) The Rupee continued to remain firm on Tuesday too, gaining 24 paise to close at 86.56 against the US Dollar on selling of USD by bankers and importers, dealers at the Forex Market said.

see more..

Fusion CX acquires Sequential Technology International LLC

18 Mar 2025 | 5:31 PM

Kolkata, Mar 18 (UNI) Fusion CX, involved in providing customer experience (CX) solutions, has acquired Sequential Technology International LLC (STI), a provider of CX services for the telecom and utilities industries.

see more..

HP launches its new lineup of Next-Gen AI commercial PCs for businesses

18 Mar 2025 | 5:19 PM

Kolkata, Mar 18 (UNI) HP has introduced its new range of next-generation commercial AI PCs in India, designed to meet the changing needs of businesses and professionals.

see more..

PURE to launch PuREPower & Foray into Energy Storage Products

18 Mar 2025 | 5:15 PM

Kolkata, Mar 18 (UNI) PURE Energy (PURE) on Tuesday announced that it will unveil an all-new products line-up in the energy storage segment on March 25 2025, in an exclusive launch event in Hyderabad.

see more..

Kottayam-Kochi rubber market rates

18 Mar 2025 | 5:08 PM

Kottayam Mar 18(UNI) Following were the Rubber Market rates announced by the Rubber Board here on Tuesday per quintal
Kottayam
RSS FOUR: 19800
RSS FIVE : 19500
ISNR TWENTY: 18200
SIXTY PERCENT LATEX: 13580
Kochi

RSS FOUR : 19800
RSS FIVE : 19500
International Rates (Bangkok)
RSS One : 21271
RSS Two : 21116
RSS Three: 20975
RSS Four : 20897
RSS Five : 20781
Kuala Lumpur
SMR TWENTY : Holiday
SIXTY PERCENT LATEX : Holiday
UNI PA BD.

see more..