Shriram Transport Finance shines on the bourses
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Shriram Transport Finance Company is currently trading at Rs. 1232.10, up by 13.75 points or 1.13% from its previous closing of Rs. 1218.35 on the BSE.
The scrip opened at Rs. 1239.50 and has touched a high and low of Rs. 1240.70 and Rs. 1207.35 respectively. So far 22249 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. 1104.05 on 25-Jan-2022.
Last one week high and low of the scrip stood at Rs. 1303.65 and Rs. 1207.35 respectively. The current market cap of the company is Rs. 33338.85 crore.
The promoters holding in the company stood at 26.06%, while Institutions and Non-Institutions held 68.35% and 5.59% respectively.
Shriram Transport Finance Company (STFC) has raised Rs 525 crore by issuing secured bonds on a private placement basis. The non-banking finance company allotted 5,250 non-convertible debentures (NCDs) of face value of Rs 10 lakh each on February 2, 2022.
The coupon on the bonds are floating rate linked to the benchmark of 12 months treasury bills (T-bill) rate plus spread, payable annually.
Shriram Transport Finance Company is a flagship company of the Chennai-based Shriram group and is classified as deposit taking Asset Financing NBFC.
