Shriram City Union Finance is currently trading at Rs. 1798.65, up by 9.25 points or 0.52% from its previous closing of Rs. 1789.40 on the BSE.
The scrip opened at Rs. 1793.20 and has touched a high and low of Rs. 1798.65 and Rs. 1789.15 respectively. So far 29 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. 1480.05 on 23-Oct-2018.
Last one week high and low of the scrip stood at Rs. 1900.00 and Rs. 1787.40 respectively. The current market cap of the company is Rs. 11869.71 crore.
The promoters holding in the company stood at 33.75%, while Institutions and Non-Institutions held 31.74% and 34.51% respectively.
Shriram City Union Finance is planning to raise funds up to Rs 750 crore through non-convertible debentures (NCDs). The base size of the issue is Rs 100 crore with an option to retain oversubscription of Rs 650 crore.
The company is offering three bonds maturing in 2, 3 and 5 years with coupons ranging between 9.55%- 9.75%, on an annual basis. This is the first NCD by the company in the last five years. It has an approval to raise Rs 3,000 crore from bonds.
Shriram City Union Finance is India’s premier financial services company specializing in small-ticket retail finance.
