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Morgan Stanley sells 15 lakh shares of Shriram Transport

2017-12-14 moneycontrol
On December 13, 2017 Morgan Stanley France Sas sold 15,00,000 shares of Shriram Transport Finance Corporation at Rs 1,362.50 on the BSE. (12-0)

Market Update: Nifty Realty outperforms as Sobha jumps over 7%; Tech Mahindra, HPCL top losers

2017-11-30 moneycontrol
The Indian benchmark indices on Thursday morning were in bear grip and were trading in the negative zone with the Nifty down 60 points or 0.58 percent while the Sensex shed 185 points at 33417. (9-0)

Religare Enterprises appoints S. Lakshminarayanan as new executive chairman

2017-11-14 livemint
Mumbai: Religare Enterprises Ltd’s board has named S. Lakshminarayanan as its new executive chairman, the company said in a statement on Tuesday.

Religare appoints Lakshminarayanan as Executive Chairman

2017-11-14 thehindubusinessline
Religare Enterprises Ltd (REL) has a new Executive Chairman in S. Lakshminarayanan, a retired IAS officer. (1-0)

Market update: Bharti Airtel, Cipla hit new 52-week high; ICICI, SBI, Sun Pharma most active

2017-11-02 moneycontrol
The Indian equity market recovered some lost ground in the afternoon trade with the Nifty trading down 4 points at 10435 while the Sensex was up 15 points and trading at 33615. (11-0)

Market update: 132 stocks hit fresh 52-week high on BSE; Tech Mahindra, SBI top Nifty losers

2017-11-02 moneycontrol
The Nifty in the afternoon trade extended its losses and was down 18.80 points at 10423 while the Sensex shed 35 points and trading at 33565. (13-0)

Shriram Transport hits 52-week on strong Q2 nos; CLSA maintain sell

2017-11-02 moneycontrol
Shares of Shriram Transport Finance Corporation touched 52-week high of Rs 1,298, adding 8.5 percent intraday Thursday on the back of strong Q2 (July-September) numbers.

Market update: Pharma stocks rally as Divis zooms over 16%; ICICI hits new 52-week high

2017-11-02 moneycontrol
The Indian benchmark indices after hitting record highs on Wednesday continued to trade in the positive territory with the Nifty50 marginally up 4.8 points at 10445 while the Sensex gained 26 points trading at 33623 in the morning trade. The midcap sector was yet again the outperformer with the index gaining 0.65 points led by IDBI Bank, Biocon, Mcleod Russel and Power Finance Corporation. (14-0)

IDFC, IDFC Bank gain; Shriram Transport Finance falls

2017-10-31 thehindubusinessline
Shares of IDFC and IDFC Bank gained, while Shriram Transport Finance fell as IDFC’s $12-billion merger plan with Shriram Group has been called off over share swap ratio differences. IDFC said it was discontinuing discussions of merger with Shriram Group.

Market update: 89 stocks hit new 52-week high on NSE; Dr Reddy#39;s Labs top gainer

2017-10-31 moneycontrol
The Nifty and the Sensex were still trading in the red with the Nifty shedding 16.85 points at 10346 while the Sensex was down 29 points at 33237.48. The CNX PSU bank index was the top loser which fell 1.23 percent led by Union Bank of India, Allahabad Bank, Andhra Bank and Punjab National Bank. (24-0)

Market update: Axis Bank, HCL Tech top Nifty gainers; RComm zooms over 11%

2017-10-31 moneycontrol
The Indian benchmark indices, Nifty and the Sensex were trading on a negative note with the Nifty shedding 9 points at 10354 while the Sensex was down 14.84 points at 33250.48. The midcap index was trading marginally in the green, up 1.14 percent led by GMR Indra, India Cements, Jain Irrigation and Sun TV Network. (39-0)

Market Live: Nifty opens flat, Midcap outperforms Sensex; Axis Bank, Tata Steel gain

2017-10-31 moneycontrol
9:58 am Merger called off: The much talked about proposed USD 12 billion mega merger between IDFC Group and Shriram Group has been called off by the former as the two were unable to reach common ground on the swap ratio. (38-0)

IDFC, Shriram merger called off over valuation

2017-10-31 freepressjournal.in
New Delhi : Unable to arrive at an acceptable structure and valuation, financial services majors IDFC Group and the Shriram Group have decided to call off their merger proposal to create a financial conglomerate, both announced on Monday. In a regulatory filing in BSE, IDFC said: “This is to inform you that despite best efforts, IDFC Group and Shriram Group have not been able to reach common ground on a mutually acceptable swap ratio for the merger.

IDFC-Shriram $12-b merger called off on differences over swap ratio

2017-10-30 thehindubusinessline
Under the proposed structure, IDFC will remain the holding company, Shriram City Union Finance will be merged with IDFC Bank and Shriram Transport Finance Company will be an unlisted fully-owned subsidiary of IDFC.

Shriram Group stocks could see a relief rally as IDFC calls off $12-bn merger plan

2017-10-30 moneycontrol
The much talked about deal between the IDFC Bank and Shriram Capital was called off on Monday as both sides failed to arrive at an acceptable valuation after four months of negotiations. IDFC and Shriram Group had announced their merger plan on July 8.