Thursday, December 31, 2020

Shriram Transport Finance trades higher on raising Rs 240 crore through NCDs

Shriram Transport Finance is currently trading at Rs. 1041.65, up by 2.70 points or 0.26% from its previous closing of Rs. 1038.95 on the BSE.

The scrip opened at Rs. 1053.00 and has touched a high and low of Rs. 1053.00 and Rs. 1032.90 respectively. So far 30118 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1331.80 on 24-Feb-2020 and a 52 week low of Rs. 428.70 on 23-Mar-2020.


Last one week high and low of the scrip stood at Rs. 1055.30 and Rs. 998.85 respectively. The current market cap of the company is Rs. 26222.23 crore.

The promoters holding in the company stood at 26.48%, while Institutions and Non-Institutions held 64.91% and 8.60% respectively.

Shriram Transport Finance Company has raised Rs 240 crore through Senior, secured, rated, listed, redeemable, non convertible debentures (NCDs) and allotted 2400 Debenture having face value of Rs 10,00,000 each on private placement basis. The board of directors of the company at its meeting held on November 30, 2020 approved and allotted the same.

Shriram Transport Finance Company is a flagship company of the Chennai-based Shriram group and is classified as deposit taking Asset Financing NBFC.

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