Alpen Capital has advised Shriram Transport Finance Company Limited, India`s largest asset financing company, in raising a USD 100 million 5-year facility from Asian Development Bank.

The proceeds of this facility will be utilized as follows:

• Purchase of lower emission commercial vehicles with minimum emission standard of BS* IV by MSMEs in the transport and logistics sector
• To finance vehicles that meet the highest emission standard of BS*-VI
• To provide loans in lagging states of India and to women borrowers or co-borrowers

*BS standards - Bharat stage emission standards are emission norms introduced by the Indian government. These norms aim to regulate output of air pollutants and strive for cleaner emission

About Shriram Transport Finance Company: Incorporated in 1979 and flagship Company of the Shriram Group, Shriram Transport Finance Company Limited is registered with RBI as a deposit- taking, asset-financing non-banking financial company. The company has a long track record of over four decades in the commercial vehicle financing industry in India. It is the largest asset financing company in the organized sector in India that cater to first time users (“FTB”) and small road transport operators (“SRTOs”) for financing pre-owned commercial vehicles.