Shriram Transport Finance Company is currently trading at Rs. 1350.00, up by 1.55 points or 0.11% from its previous closing of Rs. 1348.45 on the BSE.
The scrip opened at Rs. 1338.55 and has touched a high and low of Rs. 1353.55 and Rs. 1328.20 respectively. So far 2,733 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1543.45 on 10-Jan-2018 and a 52 week low of Rs. 890.00 on 03-Mar-2017.
Last one week high and low of the scrip stood at Rs. 1358.10 and Rs. 1262.65 respectively. The current market cap of the company is Rs. 30,631.00 crore.
The promoters holding in the company stood at 26.08%, while Institutions and Non-Institutions held 53.25% and 20.67% respectively.
Shriram Transport Finance Company is planning to raise funds through various options of borrowings including by way of issue of securities in onshore/offshore market on public / private placement basis. Based on the market conditions, the meeting(s) of Banking and Finance Committee/Debt Issuance Committee will be held during the month of March, 2018 to consider and approve the terms and conditions of such borrowings.
Shriram Transport Finance Company 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.
