Company Overview and News
Mumbai: IDFC Bank Ltd may have finally found a way to shed its infrastructure finance company image and become a people’s bank—by merging Capital First Ltd with itself. The merger could be a way for the lender to build its retail book, something it has been unable to do in the two-and-a-half years since becoming a bank. (7-0)
Shriram Transport Finance (STFC) is the pioneer and largest player in the used CV financing space and is a part of the ‘Shriram’ conglomerate that has a significant presence in varied financial services. STFC was incorporated in 1979 and started financing the much-neglected small truck-owners. Currently, it has an AUM of ₹85,463 crore, growing 13.2 per cent y-o-y (about 87 per cent is derived from used vehicles) as on Q2FY18.
The December quarter earnings season may hold little cheer for banks, as the steep drop in bond prices is expected to add to the existing bad loan problem. (11-0)
Shriram Transport Finance Company on Friday said it has raised Rs 400 crore by issuing bonds on private placement basis. "The Allotment Committee-NCDs of the company in its meeting held today, approved and allotted 4,000 secured redeemable rated listed non-convertible debentures of face value of Rs 10 lakh each, aggregating to Rs 400 crore on private placement basis," the company said in a regulatory filing.
Shriram Transport Finance Company today said it has raised Rs 400 crore by issuing bonds on private placement basis. “The Allotment Committee-NCDs of the company in its meeting held today, approved and allotted 4,000 secured redeemable rated listed non-convertible debentures of face value of Rs 10 lakh each, aggregating to Rs 400 crore on private placement basis,” the company said in a regulatory filing.
Shriram Transport Finance Company today said it has raised Rs 400 crore by issuing bonds on private placement basis.
Shriram Transport Finance Company has informed the stock exchanges that following the meeting of the company’s Allotment Committee on Thursday for the purpose of raising funds, it approved and allotted 150 unsecured, redeemable, rated, non-convertible, subordinated bonds of face value ₹10 lakh each, aggregating to ₹15 crore on private placement basis. Shares of the company closed the day at ₹1,457.
The Shriram Transport Finance Corporation stock has been buzzing after the hangover of the IDFC deal has been done with. Auto companies have seen strong commercial vehicle sales by manufacturers & now there are expectations of a pick-up in the rural economy.
The Indian benchmark indices started on a negative note with the Sensex cracking over 600 points but recovered majorly and was up 100 points on Monday morning on the back of Gujarat and Himachal Pradesh poll results which are currently underway. (21-0)
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)
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)
Mumbai: Religare Enterprises Ltd’s board has named S. Lakshminarayanan as its new executive chairman, the company said in a statement on Tuesday.
Religare Enterprises Ltd (REL) has a new Executive Chairman in S. Lakshminarayanan, a retired IAS officer. (1-0)
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)
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)
2017-12-11 - Wilton
2017-12-11 - Wilton
2017-12-03 - Wilton
2017-11-27 - Wilton