Shriram Finance Ltd.

Shriram Transport Finance Company is currently trading at Rs. 1036.20, up by 18.00 points or 1.77% from its previous closing of Rs. 1018.20 on the BSE.

The scrip opened at Rs. 1025.00 and has touched a high and low of Rs. 1041.60 and Rs. 1014.50 respectively. So far 93,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1325.00 on 01-Aug-2016 and a 52 week low of Rs. 778.00 on 26-Dec-2016.

The current market cap of the company is Rs. 23,513.00 crore.

The promoters holding in the company stood at 26.08%, while Institutions and Non-Institutions held 52.47% and 21.45% respectively.

Shriram Transport Finance Company is considering raising of funds through various options of borrowings including by way of issue of securities in onshore/offshore market on private placement basis.

Earlier in July, the company raised Rs 400 crore on private placement basis. The allotment committee-NCDs of the company approved and allotted 4000 secured, redeemable, rated, listed non-convertible debentures (NCDs) of face value of Rs 10 lakh each, aggregating to Rs 400 crore.

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.