Shriram City Union Finance Limited announced that the Banking and Securities Management Committee of the company had at its meeting held on September 13, 2021 among other items have inter alia approved the issue of Secured Rated Listed Redeemable Non-Convertible Debentures of face value of 1,000,000 each for an amount of 2,000 million with green shoe option upto 6,500 million aggregating up to 8,500 NCDs amounting to INR 8,500,000,000 in one or more tranches either as fully paid up or partly paid-up on Private Placement basis pursuant to the provisions of the Securities and Exchange Board of India Regulations.