Shriram Transport Finance moves up on raising Rs 64.70 crore through NCDs
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Shriram Transport Finance Company is currently trading at Rs. 1320.25, up by 12.10 points or 0.92% from its previous closing of Rs. 1308.15 on the BSE.
The scrip opened at Rs. 1320.00 and has touched a high and low of Rs. 1336.75 and Rs. 1314.90 respectively. So far 11676 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1696.15 on 09-Nov-2021 and a 52 week low of Rs. 1002.50 on 08-Mar-2022.
Last one week high and low of the scrip stood at Rs. 1358.50 and Rs. 1303.55 respectively. The current market cap of the company is Rs. 35731.60 crore.
The promoters holding in the company stood at 29.30%, while Institutions and Non-Institutions held 65.19% and 5.51% respectively.
Shriram Transport Finance Company has raised Rs 64.70 crore through the allotment of senior secured rated, listed, Principal Protected Market Linked redeemable, Non-convertible debentures (NCDs) of face value of Rs 10 lakh each on private placement basis. The Allotment Committee - NCDs of the Company in its meeting held on September 2, 2022, has approved and allotted the same.
Shriram Transport Finance Company is a flagship company of the Chennai-based Shriram group and is classified as deposit taking Asset Financing NBFC.
