Friday, January 29, 2021

Shriram Transport Finance trades jubilantly on planning to raise funds

Shriram Transport Finance is currently trading at Rs. 1269.90, up by 158.55 points or 14.27% from its previous closing of Rs. 1111.35 on the BSE.

The scrip opened at Rs. 1180.00 and has touched a high and low of Rs. 1270.35 and Rs. 1166.40 respectively. So far 309776 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1331.36 on 24-Feb-2020 and a 52 week low of Rs. 428.56 on 23-Mar-2020.


Last one week high and low of the scrip stood at Rs. 1270.85 and Rs. 1097.80 respectively. The current market cap of the company is Rs. 30935.50 crore.

The promoters holding in the company stood at 26.48%, while Institutions and Non-Institutions held 67.16% and 6.36% respectively.

Shriram Transport Finance Company (STFC) is considering raising of funds by way of issue of debt securities in onshore/offshore market by private placement basis and/or public issue subject to market conditions. In this regard the meeting(s) of the Banking and Finance Committee/Debt Issuance Committee / Bond Issuance Committee will be held to consider and approve such issuances of debt securities during the month ending February 28, 2021.

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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