Shriram Transport Finance Company gains on planning to raise funds via various modes

Shriram Transport Finance Company is currently trading at Rs. 1215.35, up by 3.75 points or 0.31% from its previous closing of Rs. 1211.60 on the BSE.

The scrip opened at Rs. 1215.00 and has touched a high and low of Rs. 1220.30 and Rs. 1209.00 respectively. So far 9628 shares were traded on the counter.

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. 1021.85 on 29-Dec-2020.

Last one week high and low of the scrip stood at Rs. 1245.60 and Rs. 1166.30 respectively. The current market cap of the company is Rs. 32858.68 crore.

The promoters holding in the company stood at 25.58%, while Institutions and Non-Institutions held 68.49% and 5.93% respectively.

Shriram Transport Finance Company is planning to raise funds by way of issue of redeemable non-convertible debt securities including bonds in onshore/offshore market on private placement basis and/or public issue subject to market conditions and in this regard, the meeting of the concerned committees viz. the Banking and Finance Committee, Debt Issuance Committee, Bond Issuance Committee and 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 January 31, 2022 as per their respective terms of reference, subject to such terms and conditions including the issue price of debt securities/ bonds, as the said committees may deem fit.

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

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