NSEGeneral Updates29 Sept 2026 · 29 Sept 2026, 05:33 pm
General Updates
Shriram Finance Limited · SHRIRAMFIN
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Shriram Finance Limited has informed the Exchange about General Updates regarding Tender Offer for purchase of certain Senior Secured Notes issued under the USD 3,500,000,000 Global Medium Term Note Programme.
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Full Announcement
Shriram Finance Limited has informed the Exchange about General Updates regarding Tender Offer for purchase of certain Senior Secured Notes issued under the USD 3,500,000,000 Global Medium Term Note Programme ( GMTN Programme )
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September 29, 2026
BSE Limited National Stock Exchange of India Limited
P. J. Towers, Listing Department
Dalal Street, Fort, Exchange Plaza, 5th Floor,
Mumbai – 400 001 Plot no. C/1, G- Block,
Scrip Code: 511218 Bandra-Kurla Complex,
Mumbai – 400 051
NSE Symbol: SHRIRAMFIN
Dear Sir/Madam,
Sub.: Updates in accordance with Regulation 30 and other applicable provisions of the
Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements)
Regulations, 2015 (“Listing Regulations”) regarding Tender Offer for purchase of certain
Senior Secured Notes issued under the USD 3,500,000,000 Global Medium Term Note
Programme (“GMTN Programme”)
In furtherance to our letters dated September 16, 2026 and September 21, 2026, please find
enclosed herewith the results announced on India International Exchange (IFSC) Limited (India
INX) with respect to all eligible tendered Senior Secured Notes.
The intimation is being uploaded on the website of the Company at www.shriramfinance.in.
We request you to take the same on record.
Thanking you,
Yours faithfully,
for Shriram Finance Limited
U Balasundararao
Company Secretary & Chief Compliance Officer
Encl.:a/a
India International Exchange (IFSC) Limited (India INX)
NSE IFSC Limited (NSE IX)
Shriram Finance Limited
Corporate Office: Wockhardt Towers, Level -III, West Wing, C-2, G-Block, Bandra - Kurla Complex, Bandra (East), Mumbai - 400 051, Maharashtra. Ph: +91 22 4095 9595
Registered Office. Sri Towers, Plot No.14A, South Phase, Industrial Estate, Guindy, Chennai – 600 032, Tamil Nadu, India. Tel: +91 44 485 24 666
Email: secretarial@shriramfinance.in I Website: www.shriramfinance.in I Corporate Identity Number (CIN) — L65191TN1979PLC007874
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO, OR TO ANY PERSON
LOCATED OR RESIDENT IN, ANY JURISDICTION WHERE IT IS UNLAWFUL TO RELEASE,
PUBLISH OR DISTRIBUTE THIS ANNOUNCEMENT.
The India International Exchange (IFSC) Limited takes no responsibility for the contents of this
announcement, makes no representation as to its accuracy or completeness and expressly disclaims any
liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the
contents of this announcement. This announcement is for information purposes only and is not an offer to sell
or the solicitation of an offer to acquire, purchase or subscribe for any securities and neither this
announcement nor anything herein forms the basis for any contract or commitment whatsoever.
Shriram Finance Limited announces the expiration of the Tender Offers for itsoutstandingU.S.$750,000,000
6.625% Senior Secured Notes due 2027 and U.S.$500,000,000 6.15% Senior Secured Notes due 2028.
Shriram Finance Limited
(Incorporated with limited liability in the Republic of India)
Offers to purchase for cash up to the applicable Maximum Acceptance Amount of each of the following series
of its outstanding notes
U.S.$750,000,000 6.625 per cent. Senior Secured Notes due 2027
CUSIP: 82556F AA0, ISIN: US82556FAA03, Common Code: 274419873 (Rule 144A)
CUSIP: Y775M1 BG7, ISIN: USY775M1BG76, Common Code: 274420057 (Regulation S)
U.S.$500,000,000 6.15 per cent. Senior Secured Notes due 2028
CUSIP: 82556F AB8, ISIN: US82556FAB85, Common Code: 290810337 (Rule 144A)
CUSIP: Y775M1 CJ0, ISIN: USY775M1CJ07, Common Code: 290810345 (Regulation S)
(the “2027 Notes” and the “2028 Notes”, respectively, and, together, the “Notes”, each a “Series”; and all holders
of such Notes, the “Noteholders”)
(each, a “Tender Offer” and, together, the “Tender Offers”)
subject to the terms set out in the Tender Offer Memorandum
September 29, 2026. Shriram Finance Limited (the “Offeror”) hereby announces the results of its previously
announced offers to purchase for cash (the “Tender Offers”, and each, a “Tender Offer”) up to the applicable
Maximum Acceptance Amount of each Series of its outstandingNotes upon the terms and subject to the conditions
set forth in the Tender Offer Memorandum, dated September 21, 2026 (the “Tender Offer Memorandum”) which
is available on the transaction website (the “Transaction Website”) at https://projects.sodali.com/shriram.
Capitalized terms used but not defined herein have the meanings assigned to them in the Tender Offer
Memorandum.
Final Results of the Tender Offers
The Tender Offers commenced on September 21, 2026 and expired at 5:00 p.m. (New York City time), on
September 28, 2026 (the “Expiration Time”). As at the Expiration Time, the Offeror received valid tenders under
the Tender Offers, which had not been withdrawn in respect of the Notes, of (i) an aggregate principal amount of
U.S.$579,421,000 of the 2027 Notes (the “Tendered 2027 Notes”), representing 77.26 per cent of the total
principal amount outstanding of the 2027 Notes; and (ii) an aggregate principal amount ofU.S.$352,101,000 of the
2028 Notes (the “Tendered 2028 Notes”), representing70.42per cent of the total principal amount outstanding of
the 2028 Notes.
Acceptance Amount
As set out in the Tender Offer Memorandum, the applicable Maximum Acceptance Amount for the 2027 Notes and
2028 Notes was U.S.$300,000,000 and U.S.$160,000,000, respectively, in each case subject to the Offeror's right, in
its sole and absolute discretion (and subject to applicable law), to increase or decrease such applicable Maximum
Acceptance Amount.
As the aggregate principal amount of the Tendered 2027 Notes and Tendered 2028 Notes exceeds the respective
Maximum Acceptance Amount, the Offeror has decided to accept for purchase the Tendered 2027 Notes in the
amount of U.S.$ 299,979,000 with a Proration Factor of 47.8999 per cent and the Tendered 2028 Notes in the
amount of U.S.$ 160,000,000 with a Proration Factor of 37.2733 per cent.
Depending on the amount tendered and the Proration Factor applied, if the principal amount of Notes of a Series
returned to a Noteholder or accepted for purchase by the Offeror as a result of proration would result in less than the
Minimum Denomination being returned to such Noteholder or accepted by the Offeror, the Offeror has decided, in
its sole discretion, to accept in full, all of such Noteholder’s validly tendered Notes of that Series (in each case
without any adjustment to the applicable Purchase Price, Additional Interest Amount or Accrued Interest Payment).
Any Notes tendered pursuant to a Tender Offer that are not accepted for purchase as a result of proration will be
unblocked in the relevant Clearing System and returned to tendering Noteholders on the Payment Date.
The Tendered 2027 Notes and the Tendered 2028 Notes accepted for purchase in each case being, the “Accepted
2027 Notes” and the “Accepted 2028 Notes” respectively and together, the “Accepted Notes".
The Accepted 2027 Notes and the Accepted 2028 Notes will be retired and cancelled on the Payment Date.
Consideration
The Consideration for the Accepted 2027 Notes shall be the aggregate of (i) a purchase price of U.S.$1,000 per
U.S.$1,000 principal amount of the Accepted 2027 Notes; (ii) an additional interest payment of U.S.$11.50 per
U.S.$1,000 principal amount of the Accepted 2027 Notes; and (iii) the applicable Accrued Interest Payment.
The Consideration for the Accepted 2028 Notes shall be the aggregate of (i) a purchase price of U.S.$1,000 per
U.S.$1,000 principal amount of the Accepted 2028 Notes; (ii) an additional interest payment of U.S.$13.00 per
U.S.$1,000 principal amount of the Accepted 2028 Notes; and (iii) the applicable Accrued Interest Payment.
The aggregate consideration expected to be paid by the Offeror on the Payment Date to the holders of the Accepted
Notes is U.S.$479,069,065.14.
Settlement and Notes Remaining Outstanding
Subject to the satisfaction or waiver of the conditions set forth in the Tender Offer Memorandum, the Payment Date
in respect of the Accepted Notes is expected to be on September30, 2026. Accrued interest will cease to accrue on
the Payment Date for all the Accepted Notes.
Following settlement
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