Shriram Finance and Paytm are to announce a “strategic alliance” at a press conference to be held on Friday.

Shriram Finance, a non-banking finance company of the Chennai-based Shriram group, specialises in financing for commercial vehicles, especially vintage vehicles.

Paytm is a company that enables payments through mobile.

Will borrow about ₹60,000-cr for FY24: Shriram Finance, MD & CEO