Shriram City Union Finance is currently trading at Rs. 2003.80, up by 5.65 points or 0.28% from its previous closing of Rs. 1998.15 on the BSE.
The scrip opened at Rs. 2044.80 and has touched a high and low of Rs. 2044.80 and Rs. 2003.80 respectively. So far 6 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2454.05 on 30-Apr-2018 and a 52 week low of Rs. 1801.00 on 04-Jul-2018.
Last one week high and low of the scrip stood at Rs. 2056.00 and Rs. 1944.95 respectively. The current market cap of the company is Rs. 13489.25 crore.
The promoters holding in the company stood at 33.76%, while Institutions and Non-Institutions held 31.37% and 34.87% respectively.
Shriram City Union Finance is planning to raise funds up to Rs 500 crore. The company intends to issue and allot on private placement basis 5,000 number of secured non-convertible redeemable debentures of face value of Rs 10 lakh each aggregating to Rs 500 crore. The proposal is to be considered by Banking and Securities Management Committee of the Board of Directors in its meeting to be held on August 22, 2018.
Shriram City Union Finance is engaged in non-banking financial services. The Company provides long-term home loans. It also offers a range of options for financing the purchase of two wheeler vehicles across manufacturers and brands.
