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VERIFIEDET Finance·positive

Rate reset clause in overseas loan pact helps Shriram Finance cut costs

AI Summary
  • ·Shriram Finance saved 60-80 basis points on a $1.3 billion syndicated loan due to a rate reset clause.
  • ·Japan's Mitsubishi UFJ Financial Group (MUFG) holds a significant stake in Shriram Finance.
  • ·Shriram Finance's Managing Director and CEO expects rate reset clauses to become more common.
SHRIRAMFIN
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