Shriram Finance Ltd.

Shriram Transport Finance Company (STFC) is likely to raise around Rs 2,000 crore via secured/unsecured non-convertible debentures (NCDs), as it plans an overall growth of 12-15% this year. In July, the first tranche of issue Rs 300-500 crore is expected to hit the market.

The company has posted a fall of 9.56% in its net profit at Rs 308.07 crore for the quarter ended March 31, 2012 as compared to Rs 340.62 crore for the same quarter in the previous year. However, total income has increased by 7.36% at Rs 1485.46 crore for quarter under review as compared Rs 1383.51 crore for the quarter ended March 31, 2011.