Shriram Transport Finance (STFC) has executed a Share Purchase Agreement (SPA) with Shriram Automall India (SAMIL) and MXC Solutions India (MXC) with regard to purchase of equity shares of SAMIL by MXC from STFC. SAMIL is a wholly owned subsidiary of STFC.
The SPA by and amongst SAMIL, STFC and MXC was executed on January 24, 2018. The sale of equity shares is expected to be completed within 90 days from the execution date.
Shriram Transport Finance is a flagship company of the Chennai-based Shriram group and is classified as deposit taking Asset Financing NBFC. The company was with an objective to provide hire purchase and lease finance for the medium and heavy commercial vehicles to individual truck operators.
| Company Name | CMP |
|---|---|
| Bajaj Finance | 905.95 |
| Shriram Finance | 1032.20 |
| Aditya Birla Capital | 340.30 |
| Chola Invest & Fin. | 1564.50 |
| Tata Capital | 334.55 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: