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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.
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 Company today reported a 20 per cent rise in net profit at Rs 448.68 crore in the first quarter ended June 30.
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 Company Ltd said it has raised Rs 400 crore by selling bonds on private placement basis.
New Delhi : Shriram Transport Finance Company on Tuesday said it has raised Rs 980 crore by issuing debt on private placement basis.
Temasek executives Ravi Lambah and Promeet Ghosh talk about investment opportunities, distressed assets and the firm’s India strategy
Shriram Group touts mutual benefits, but analysts and minority shareholders are not buying the argument for the IDFC-Shriram merger deal
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 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 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.
A mega merger has been initiated with IDFC and Shriram Group agreeing on exclusive discussion. However, details are awaited.
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.
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.
In other news, Gati, Peepul Capital and TVS Logistics express interest to acquire Vulcan Express, the in-house logistics arm of online marketplace Snapdeal
Regulatory hurdles, potential asset-liability mismatch for IDFC Bank seen as pressure points in the IDFC and Shriram Capital merger deal
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
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.
Financial services majors Shriram Group and IDFC Group have announced a possible merger to create a "financial conglomerate", Shriram and Piramal Group Chairman Ajay Piramal said here on Saturday.
NEW DELHI (Reuters) - Shriram Group said on Saturday it has reached agreement to merge some of its financial service businesses with those of IDFC Group.
IDFC Ltd and Shriram Group announced a merger today to create a new financial conglomerate “IDFC Shriram” worth USD 10 billion, which IDFC’s Rajiv Lall referred to as a “marriage made in heaven” since the two group businesses complement each other.
Boards of Shriram Capital Ltd and IDFC Ltd on Saturday entered into 90-day exclusive talks to merge their businesses and get regulatory nods
Shriram Group and IDFC Group have entered into an exclusivity arrangement for a period of 90 days to explore a merger between the two entities to create an almost $10 billion financial powerhouse. While they have three months’ time to devise a structure for the deal and later get board approval, questions are arising on the potential regulatory hurdles that the merger may face.
Shriram Group and IDFC Group have entered into an exclusivity arrangement for a period of 90 days to explore a merger between the two entities to create a USD 10 billion-plus financial powerhouse. Once merged, Shriram City Union Finance will be absorbed into IDFC Bank while Shriram Transport Finance will remain a standalone entity under the group. Shriram Asset Management Company, Shriram Life Insurance and Shriram General Insurance will be part of IDFC Ltd.
Ajay Piramal: NPA is not a great challenge for Shriram, it lends to individuals. We have loan delays but, not NPAs.