Hot Pursuit
Shriram Finance Ltd announced that ICRA Limited has assigned a rating of [ICRA]AAA; Stable to its Non-Convertible Debenture Programme of 5,000.00 and reaffirmed the same rating for its Non-Convertible Debenture Programme of 2,975.0, along with reaffirming the [ICRA]AAA; Stable rating for its Fixed Deposit Programme; ICRA also reaffirmed the [ICRA]AAA (Stable) rating for NCD programmes of 5,000, 975.0, 2,000.0, and 5,000.0, and assigned a [ICRA]AAA (Stable) rating to a NCD programme of 5,000, while assigning a [ICRA]AA+ (Stable) rating with a Rating Watch with Positive Implications to a fixed deposit programme and a NCD programme of 975.0; MUFG upgraded the Capitalisation profile with a sufficient headroom following an infusion of equity amounting to Rs. 39,618 crore representing a 20% stake as of June 2026, and Moody’s Investors Service maintains an A1 rating with a Stable outlook.