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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.

IDFC Bank, Shriram Capital to merge within 90 days, create Rs 65k-cr giant

2017-07-08 business-standard
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.

Shriram Group agrees to sell units to IDFC

2017-07-08 in.reuters
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, Shriram merger - A marriage made in heaven : 10 key takeaways

2017-07-08 moneycontrol
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.

Shriram Capital, IDFC boards enter into 90-day exclusive talks for merger

2017-07-08 livemint
Boards of Shriram Capital Ltd and IDFC Ltd on Saturday entered into 90-day exclusive talks to merge their businesses and get regulatory nods

Will there be regulatory hurdles for Shriram Group merger with IDFC Group?

2017-07-08 moneycontrol
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 to merge with IDFC Group to create financial powerhouse

2017-07-08 moneycontrol
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.

IDFC, Shriram Capital mega merger: $10 billion merged entity to be branded as #39;IDFC Shriram#39;

2017-07-08 moneycontrol
Ajay Piramal: NPA is not a great challenge for Shriram, it lends to individuals. We have loan delays but, not NPAs.

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