Shriram Finance plans $500 million bond buyback

The company proposes to buy back bonds maturing in April 2027 and April 2028 in an attempt to reduce borrowing costs and the buyback will be offered at a slight premium to the existing trading price, people familiar with the details said. The tender offer will be the first such buyback since MUFG purchased the stake earlier this year.

This story was originally reported by Economic Times — Markets. As an automated real-time news aggregator, NewsToolBar provides multi-perspective indexing and AI summarization while directing full readership directly to primary publisher sources.