Shriram Finance Secures €40 Million Co-Financing From DEG And Citi

Shriram Finance Ltd has confirmed a major co-financing agreement with DEG (Deutsche Investitions- und Entwicklungsgesellschaft) and Citi, amounting to €40 million or Rs 2.6 billion. The financing will be structured through debt instruments, providing Shriram Finance with additional liquidity to support its expansion and lending activities.  

The deal highlights the growing confidence of international financial institutions in India’s non-banking financial sector. Shriram Finance, one of India’s leading NBFCs, plans to utilize the funds to strengthen its capital base, enhance credit availability, and drive growth across retail and corporate lending segments.  

Key Highlights  

• Shriram Finance secures €40 million (Rs 2.6 billion) co-financing  
• Partnership with DEG and Citi reflects global confidence in Indian NBFCs  
• Funds to be raised through debt instruments  
• Capital to support expansion and strengthen lending operations  
• Move aligns with Shriram Finance’s long-term growth strategy  

Strategic Importance  
Analysts note that the co-financing deal positions Shriram Finance to expand its reach in India’s financial services market while maintaining balance sheet strength. Collaborations with global institutions like DEG and Citi reinforce the company’s credibility and highlight the attractiveness of India’s NBFC sector to international investors.  

Sources: Reuters