Piramal Enterprises acquires 9.99% stake in Shriram City Union Finance

10 Jun 2014 Evaluate

Piramal Enterprises has acquired 9.99% equity share of Shriram City Union Finance (SCUF) for a total of Rs 789.58 crore. The company has bought 65,79,840 equity shares of SCUF through preferential offer.

Recently, Piramal Enterprises has announced its plans to acquire stake in SCUF by investing around 790 crore.

Shriram City Union Finance has presence in the following business segments - loan Against Gold (LAG), Small Business Finance Loans (SBF), Auto Loans, 2-Wheeler loans, Personal Loans and Consumer Durables Loans.

 

Shriram City Union Share Price

1923.55 0.00 (0.00%)
28-Nov-2022 18:01 View Price Chart
Peers
Company Name CMP
Bajaj Finance 7340.75
Shriram Finance 2732.05
Aditya Birla Capital 239.95
SBI Cards AndPayment 728.10
L&T Finance 181.85
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