Shriram City Union Finance Limited announced that at its board meeting held on March 2, 2020, approved issue of Redeemable Rated Listed Secured Non-Convertible Debentures (SNCDs) on private placement basis, of face value of INR 100,000 each of an amount of INR 750 million ("Base Issue size") with green shoe option up to INR 5,250 million aggregating up to 60,000 NCDs amounting to INR 6,000 million in one or more tranches as fully paid-up.