Chennai, March 4 -- DEG - Deutsche Investitions- und Entwicklungsgesellschaft mbH - and Citi have jointly provided a USD 76 million loan to Shriram Finance Ltd.
Under the co-financing loan structure, DEG has provided a Euro 40 million loan, while Citi has extended a Rs. 260 crore loan to Shriram Finance, said Citi in a statement here today.
This collaborative and innovative financing is designed to strengthen the company's outreach to priority segments that remain underserved in India's credit ecosystem. Citi acted as a Lead Arranger and Coordinator for this financing.
The DEG loan will support lending towards Micro, Small and Medium Enterprises (MSMEs), electric vehicle (EV) financing, women borrowers, and customers in underserved areas...