Shriram Finance targets lower capital costs with rating upgrade
after close1 source ↓written by the desknot a recommendation
- reduction initially
- 40 basis point
- within 24 months
- 100 basis points
- currently costing
- 8.8%
Shriram Finance aims to reduce its cost of capital significantly over the next two to three years, driven by a potential credit rating upgrade. Vice Chairman Umesh Revankar stated that improved fundamentals could lead to a 40 basis point reduction initially, expanding to nearly 100 basis points within 24 months. This upgrade would enhance access to diversified funding sources, currently costing around 8.8%.
Not investment advice. For informational purposes only.