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Shriram City Union Finance climbs on getting nod to raise Rs 500 crore via NCDs

14 Feb 2020 Evaluate

Shriram City Union Finance is currently trading at Rs. 1464.10, up by 15.30 points or 1.06% from its previous closing of Rs. 1448.80 on the BSE.

The scrip opened at Rs. 1448.20 and has touched a high and low of Rs. 1464.10 and Rs. 1448.20 respectively.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1900.00 on 29-Mar-2019 and a 52 week low of Rs. 1221.55 on 20-Aug-2019.

Last one week high and low of the scrip stood at Rs. 1469.30 and Rs. 1412.15 respectively. The current market cap of the company is Rs. 9663.49 crore.

The promoters holding in the company stood at 33.92%, while Institutions and Non-Institutions held 33.33% and 32.75% respectively.

Shriram City Union Finance has received an approval for the issuance of Redeemable Secured Non-Convertible Debentures (NCDs) on private placement basis, of face value of Rs 10,00,000 each for an amount of Rs 10 crore (Base Issue size) with green shoe option up to Rs 490 crore aggregating up to 5,000 NCDs amounting to Rs 500 crore in one or more tranches as fully paid-up. The Banking and Securities Management Committee of the company at its meeting held on February 13, 2020 has approved the same.

Shriram City Union Finance is India’s premier financial services company specializing in small-ticket retail finance.

 

Shriram City Union Share Price

1923.55 0.00 (0.00%)
28-Nov-2022 18:01 View Price Chart
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