Shriram Finance Ltd.

Shriram Transport Finance is currently trading at Rs. 564.40, up by 3.40 points or 0.61% from its previous closing of Rs. 561.00 on the BSE.

The scrip opened at Rs. 568.00 and has touched a high and low of Rs. 568.00 and Rs. 563.00 respectively. So far 1045 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 707.85 on 25-Jul-2011 and a 52 week low of Rs. 416.00 on 02-Jan-2012.

Last one week high and low of the scrip stood at Rs. 575.00 and Rs. 550.50 respectively. The current market cap of the company is Rs. 12785.98 crore.

The promoters holding in the company stood at 45.64% while Institutions and Non-Institutions held 41.67% and 12.69% respectively.

Shriram Transport Finance Company has been reported of planning to raise Rs 50 crore via 10-year subordinate debt with coupon rate of 10.85%. Further, the company has roped in ICICI Securities Primary Dealership as the sole arranger of the deal.

The non-banking financial institution, earlier reported that it is planning to raise up to Rs 600 crore rough a public issue of bond. The company for this would issue interest-bearing bonds with 36- and 60-month tenures and non-interest bearing bonds, which will be redeemable at a premium in the same tenures.

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.