Shriram Finance Ltd.

Reserve Bank of India (RBI) has notified that the foreign shareholding through Foreign Institutional Investors (FIIs)/Registered Foreign Portfolios Investors (RFPIs) in Shriram Transport Finance has crossed threshold ban limit of its paid-up capital. Therefore, no further purchase of shares of this company would be allowed through stock exchanges in India on behalf of FII/RFPIs.

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.