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Redemption of debentures of Shriram Transport Finance Co. Limited.

2017-10-12 indiainfoline
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IDFC Bank, Shriram Group extend merger deadline

2017-10-05 livemint
Mumbai: The boards of IDFC Bank Ltd and Shriram Group on Thursday agreed to extend the agreement for their strategic merger till 8 November, as the exclusivity period for discussions ends on 6 October.

IDFC-Shriram merger deadline extended to Nov 8

2017-10-05 business-standard
The IDFC Group and Shriram Group, which has earlier announced an exclusive discussion period for a proposed merger has been extended to another 34 days, till November 8, 2017. The decision comes after a period of 90 days of exclusive talks for the merger, which has been speculated to see several regulatory hurdles.

Ajay Piramal: Interests of Shriram shareholders will be paramount in merger with IDFC

2017-09-27 livemint
Mumbai: The interests of Shriram Group shareholders will be paramount in its merger with IDFC Ltd, said Shriram group chairman Ajay Piramal. Merger discussions may even be called off if the deal structure is not favourable to shareholders of the Shriram group firms, said Piramal, who is also chairman of Piramal Enterprises Ltd.

Lightspeed Venture in talks for stake in Freight Commerce

2017-09-27 livemint
Mumbai: US-based venture capital firm Lightspeed Venture Partners is in talks to acquire a minority stake in Freight Commerce Solutions Pvt. Ltd, which operates Freight Tiger, according to two people aware of the development. (3-0)

IDFC-Shriram merger is all about the opposition of shareholders, says Ajay Piramal

2017-09-27 moneycontrol
One of the biggest financial merger deals in the country, IDFC with Shriram Group, has hit a hurdle after it faced opposition from some of its shareholders.

Company News

2017-09-13 thehindubusinessline
Shriram Transport Finance Co Ltd on Wednesday informed the exchanges that it has acquired 17 per cent of the total paid-up capital of Freight Commerce Solutions Private Ltd for ₹7 crore. The company has received allotment of 63,279 shares on Tuesday, with a face value of ₹10, issued at a premium of ₹1,096 a share. The acquisition is expected to provide opportunity and income to customers of Shriram Transport, which will also benefit in loan recovery and increase in business, it said in the notice.

Nifty likely to test 9600-9500 this month; 5 stocks which can give up to 19% return

2017-08-13 moneycontrol
The Nifty50 corrected by more than 400 points from its highs recorded of 10,137 earlier in the month of August, but the fall may not be over yet. Technical chartists see the decline getting deeper which could extend towards 9,600-9,500 levels.

Broker's Call

2017-08-01 thehindubusinessline
Shriram Transport Finance reported strong Q1FY18 performance — PAT at ₹450 crore jumped about 20 per cent y-o-y, highest in the past six quarters. The beat as on account of robust NII traction (up about 15 per cent y-o-y) driven by margin expansion (up >50 bps q-o-q to 7.5 per cent) on funding cost benefit and lower interest reversal.

Shriram Transport Finance Q1 net up 20 percent at Rs 449 crore

2017-07-31 moneycontrol
Shriram Transport Finance Company today reported a 20 per cent rise in net profit at Rs 448.68 crore in the first quarter ended June 30.

listing of new debt securities of Shriram Transport Finance Co. Ltd.

2017-07-28 indiainfoline
Trading Members of the Exchange are hereby informed that with effect from Monday, July 31, 2017 under mentioned new securities issued on private placement basis Shriram Transport Finance Co. Ltd., are admitted to dealing on the Exchange in the list of securities of F GROUP - DEBT INSTRUMENTS

Shriram Transport Finance raises Rs 400 cr via bonds issue

2017-07-26 moneycontrol
Shriram Transport Finance Company Ltd said it has raised Rs 400 crore by selling bonds on private placement basis.

Shriram Transport Finance Company raises Rs 980 cr through bonds

 New Delhi : Shriram Transport Finance Company on Tuesday said it has raised Rs 980 crore by issuing debt on private placement basis.

Temasek’s exposure to India higher than it has ever been: MD Promeet Ghosh

2017-07-19 livemint
Temasek executives Ravi Lambah and Promeet Ghosh talk about investment opportunities, distressed assets and the firm’s India strategy

Shriram group hopes to move to the next level with IDFC merger deal

2017-07-16 livemint
Shriram Group touts mutual benefits, but analysts and minority shareholders are not buying the argument for the IDFC-Shriram merger deal

IDFC-Shriram merger: Aim to give a fair deal to everybody, says R. Thyagarajan

2017-07-16 livemint
Shriram group founder R. Thyagarajan on the rationale behind the IDFC-Shriram merger, his choice of Ajay Piramal as successor and why the deal is lucrative for shareholders

Shriram Transport’s rating not immediately affected: Fitch

2017-07-14 thehindubusinessline
Shriram Transport Finance Co’s rating is not immediately affected by the announcement of IDFC’s proposed merger with Shriram Group, Fitch Ratings said today.

S&P Global places Shriram Transport's rating under Credit Watch

2017-07-12 indiainfoline
S&P Global puts the Shriram Transport Finance Company’s (STFC) rating on a Credit Watch after the announcement of the IDFC and Shriram Group of companies merger.

Will take merger proposal to investors once IDFC agreement is clear: Shriram Group

2017-07-12 moneycontrol
A mega merger has been initiated with IDFC and Shriram Group agreeing on exclusive discussion. However, details are awaited.

SP places Shriram Transport Finance rating on CreditWatch

2017-07-12 moneycontrol
S&P Global Ratings today placed the rating of Shriram Transport Finance Co (STFC) on 'CreditWatch' following the announcement of a proposed merger of the IDFC group and Shriram group of companies.

IDFC, Shriram group shares tank on merger proposal

2017-07-10 thehindubusinessline
Shares of IDFC and Shriram Group of companies fell up to 7.4 per cent today after they agreed to merge and create the largest retail-focused bank in the country.

Deals Buzz: Apollo Global to buy ClubCorp Holdings for $1.1 billion

2017-07-10 livemint
In other news, Gati, Peepul Capital and TVS Logistics express interest to acquire Vulcan Express, the in-house logistics arm of online marketplace Snapdeal

IDFC-Shriram merger deal complex, may be painful: Analysts

2017-07-09 livemint
Regulatory hurdles, potential asset-liability mismatch for IDFC Bank seen as pressure points in the IDFC and Shriram Capital merger deal

Merger with IDFC not an attempt to enter banking through backdoor: Shriram Capital’s Ajay Piramal

2017-07-08 livemint
Ajay Piramal says he is committed to following RBI guidelines and regulators will see through any attempt to enter the banking sector with the Shriram Capital-IDFC merger

IDFC-Shriram merger: Top management speaks about the deal

2017-07-08 moneycontrol
It is a mega merger, a large transaction - IDFC Group as well as Shriram Group looking to come together and form USD 10 billion powerhouse of financial services.