Date: September 29, 2026

Tender Offer Results

Shriram Finance Limited announced the final results of its cash tender offers for two series of US dollar-denominated senior secured notes under its USD 3,500,000,000 Global Medium Term Note Programme.

The tender offers commenced on September 21, 2026 and expired at 5:00 p.m. (New York City time) on September 28, 2026.

Tender Response

  • 2027 Notes: Received valid tenders for USD 579,421,000 principal amount (77.26% of total outstanding)
  • 2028 Notes: Received valid tenders for USD 352,101,000 principal amount (70.42% of total outstanding)

Acceptance Amounts

As the tendered amounts exceeded the Maximum Acceptance Amounts, the company applied proration:

  • 2027 Notes: Accepted USD 299,979,000 with a Proration Factor of 47.8999%
  • 2028 Notes: Accepted USD 160,000,000 with a Proration Factor of 37.2733%

The Maximum Acceptance Amounts were USD 300,000,000 for 2027 Notes and USD 160,000,000 for 2028 Notes.

Consideration Details

For Accepted 2027 Notes:

  • Purchase price: USD 1,000 per USD 1,000 principal amount
  • Additional interest payment: USD 11.50 per USD 1,000 principal amount
  • Plus applicable Accrued Interest Payment

For Accepted 2028 Notes:

  • Purchase price: USD 1,000 per USD 1,000 principal amount
  • Additional interest payment: USD 13.00 per USD 1,000 principal amount
  • Plus applicable Accrued Interest Payment

Total aggregate consideration: USD 479,069,065.14

Settlement Details

  • Payment Date: Expected to be September 30, 2026
  • Accrued interest will cease to accrue on the Payment Date for all Accepted Notes
  • The Accepted Notes will be retired and cancelled on the Payment Date

Notes Remaining Outstanding

Following settlement:

  • 2027 Notes: USD 450,021,000 aggregate principal amount will remain outstanding
  • 2028 Notes: USD 340,000,000 aggregate principal amount will remain outstanding

Service Providers

  • Dealer Managers: The Hongkong and Shanghai Banking Corporation Limited (HSBC) and MUFG Securities Asia Limited Singapore Branch (MUFG)
  • Information and Tender Agent: Sodali & Co Ltd.