Shriram Finance Ltd.

Shriram Transport Finance (STFC), Shriram Group's non-banking finance company is likely to raise around Rs 1,250-1,500 crore via public issue of Secured Non-Convertible Debentures (NCDs). The company aims to achieve a target to grow by around 15% during the current fiscal.

The company has reported a rise of 15.31% in its net profit at Rs 355.22 crore in Q4FY13 as compared to net profit of Rs 308.06 crore in the same quarter previous year. Total income of the company has increased by 19.62% to Rs 1776.98 crore as compared to Rs 1485.47 crore in corresponding quarter last year.