Shriram Finance gains on raising Rs 85 crore via NCDs
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Shriram Finance is currently trading at Rs. 1922.80, up by 10.75 points or 0.56% from its previous closing of Rs. 1912.05 on the BSE.
The scrip opened at Rs. 1903.95 and has touched a high and low of Rs. 1926.65 and Rs. 1903.95 respectively. So far 979 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1944.45 on 04-Sep-2023 and a 52 week low of Rs. 1147.05 on 27-Sep-2022.
Last one week high and low of the scrip stood at Rs. 1944.45 and Rs. 1860.05 respectively. The current market cap of the company is Rs. 71744.02 crore.
The promoters holding in the company stood at 25.48%, while Institutions and Non-Institutions held 70.02% and 4.49% respectively.
Shriram Finance has raised Rs 85 crore through the allotment of 8,500 Senior, secured, rated, unlisted, redeemable, taxable non-convertible debentures (NCDs) on Private placement. The Allotment Committee - NCDs of the company in its meeting held on September 5, 2023, has approved and allotted the same.
Shriram Finance (Formerly Shriram Transport Finance Company) is one of the largest asset financing NBFC in the country and holistic finance provider for the commercial vehicle industry and seeks to partner small truck owners for every possible need related to their assets.
