Shriram Finance Ltd.

Shriram Transport Finance Company is currently trading at Rs. 1199.55, up by 2.65 points or 0.22 % from its previous closing of Rs. 1196.90 on the BSE.

The scrip opened at Rs. 1190.50 and has touched a high and low of Rs. 1206.80 and Rs. 1190.50 respectively. So far 6726 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1224.50 on 09-Jun-2016 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. 1224.50 and Rs. 1136.15 respectively. The current market cap of the company is Rs. 27157.86 crore.

The promoters holding in the company stood at 26.05% while Institutions and Non-Institutions held 26.19% and 47.76% respectively.

Shriram Transport Finance Company is planning to raise Rs 12.50 crore by issuing 125 Secured Redeemable non-convertible debentures (NCDs) of face value of Rs 10 lakh each, on private placement basis. The NCDs, having tenure of 7 years, will carry a coupon rate of 9.05% per annum.

The decision was taken on June 09, 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.