Shriram Transport Finance Company gains on planning to raise funds

Shriram Transport Finance Company is currently trading at Rs. 1169.65, up by 15.05 points or 1.30% from its previous closing of Rs. 1154.60 on the BSE.

Shriram Transport Finance Company
Shriram Transport Finance Company

The scrip opened at Rs. 1135.00 and has touched a high and low of Rs. 1202.00 and Rs. 1104.05 respectively. So far 101264 shares were traded on the counter.

Shriram Transport Finance The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 1696.15 on 09-Nov-2021 and a 52 week low of Rs. 1097.80 on 28-Jan-2021.

Last one week high and low of the scrip stood at Rs. 1233.85 and Rs. 1140.25 respectively. The current market cap of the company is Rs. 31520.96 crore.

Shriram Transport Finance The promoters holding in the company stood at 26.06%, while Institutions and Non-Institutions held 68.35% and 5.59% respectively.

Shriram Transport Finance Company is planning to raise raising funds by way of issue of redeemable nonconvertible debt securities including bonds in onshore/offshore market on private placement basis and/or public issue. In this regard, the meeting of the concerned committees viz. the Banking and Finance Committee Debt Issuance Committee Bond Issuance Committee & Allotment Committee- NCDs will be held to consider and approve the issue and allotment of redeemable non-convertible debt securities/bonds during the month ending February 28, 2022.

Shriram Transport Finance Company is a flagship company of the Chennai-based Shriram group and is classified as deposit taking Asset Financing NBFC.