Shriram Finance Ltd.

Shriram Transport Finance Company is currently trading at Rs 909.70, up by 4.55 points or 0.50% from its previous closing of Rs. 905.15 on the BSE.

The scrip opened at Rs. 913.80 and has touched a high and low of Rs. 918.40 and Rs. 908.75 respectively. So far 2126 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1206.15 on 08-Apr-2015 and a 52 week low of Rs. 736.50 on 21-Jan-2016.

Last one week high and low of the scrip stood at Rs. 939.00 and Rs. 900.00 respectively. The current market cap of the company is Rs. 20793.80 crore.

The promoters holding in the company stood at 26.05% while Institutions and Non-Institutions held 19.10% and 54.85% respectively.

Shriram Transport Finance Company is planning to raise Rs 250 crore by issuing non-convertible debentures (NCDs) on private placement basis. The NCDs, having tenure of 366 days, will carry a coupon rate of 9.15% per annum.

The decision was taken on March 28, 2016 at the Banking and Finance Committee meeting of its board.

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.