33.35 (3.70%) Shriram Automall India (SAMIL), a wholly-owned subsidiary of Shriram Transport Finance Company, has tied up with IKF Finance, a prominent name in South India for asset financing. Shriram Automall will now play a crucial role in the disposal of IKF's all types of pre-owned vehicles and equipment, including commercial vehicles, construction equipment, tractors, cars & SUVs and three-wheelers.
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.