Shriram City Union Finance gains on getting nod to raise Rs 400 crore
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Shriram City Union Finance is currently trading at Rs. 1947.00, up by 6.05 points or 0.31% from its previous closing of Rs. 1940.95 on the BSE.
The scrip opened at Rs. 1935.05 and has touched a high and low of Rs. 1955.75 and Rs. 1922.40 respectively. So far 1195 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2600.00 on 14-Sep-2021 and a 52 week low of Rs. 1402.00 on 08-Mar-2022.
Last one week high and low of the scrip stood at Rs. 1966.95 and Rs. 1904.45 respectively. The current market cap of the company is Rs. 12994.88 crore.
The promoters holding in the company stood at 36.95%, while Institutions and Non-Institutions held 29.60% and 33.45% respectively.
Shriram City Union Finance has received an approval for the issuance of Secured Rated Listed Redeemable Principal Protected Market Linked Non-Convertible Debentures (PP-MLDs) of face value of Rs 10 lakh each for an amount of Rs 200 crore (Base Issue size) with green shoe option upto Rs 200 crore aggregating up to 4000 NCDs amounting to Rs 400 crore as one or more issuances, in one or more tranches either as fully paid up or partly paid-up on private placement basis. The banking and securities management committee of the company had at its meeting held on September 14, 2022 has approved the same.
Shriram City Union Finance is India’s premier financial services company specializing in small-ticket retail finance.
