Company Profile

SHRIRAM TRANSPORT FINANCE COMPANY LTD.

NSE : SRTRANSFINBSE : 511218ISIN CODE : INE721A01013Industry : Finance - NBFCHouse : Shriram Transport
BSE660.6518.3 (+2.85 % )
PREV CLOSE (Rs.) 642.35
OPEN PRICE (Rs.) 644.95
BID PRICE (QTY) 0.00 (0 )
OFFER PRICE (QTY) 0.00 (0 )
VOLUME 258854
TODAY'S LOW / HIGH (Rs.)644.00 665.75
52 WK LOW / HIGH (Rs.)428.7 1331.8
NSE660.75 18.45 (+2.87 % )
PREV CLOSE(Rs.) 642.30
OPEN PRICE (Rs.) 644.00
BID PRICE (QTY) 660.75 (1121 )
OFFER PRICE (QTY) 0.00 (0 )
VOLUME 4255399
TODAY'S LOW / HIGH(Rs.) 643.05 666.00
52 WK LOW / HIGH (Rs.)428.72 1331.94

Company News

Date Heading Details
08-Jul-2020 Shriram Transport Finance Company informs about record date <p align="justify">Shriram Transport Finance Company has informed that the Company has fixed July 10, 2020 as the Record Date for the purpose of determining the equity shareholders entitled to receive the Rights Entitlement in the Rights Issue of equity shares of face value of Rs 10 each for an amount not exceeding Rs 1,500 Crores (Eligible Shareholders).<p align="justify">The above information is a part of company's filings submitted to BSE.</p>
07-Jul-2020 Shriram Transport Finance gets nod to raise fund via right issue <p align="justify">Shriram Transport Finance Company has received approval to raise fund through Rights Issue of equity shares of face value of Rs 10 each for an amount not exceeding Rs 1,500 crore. The Issue Price is Rs 570 per fully paid-up rights equity share (including a premium of Rs 560 per rights equity share). The full amount of the Issue Price being Rs 570 per rights equity share will be payable on application.<p align="justify">The Securities Issuance Committee in its meeting held on July 06, 2020 has approved the same.<p align="justify">Shriram Transport Finance Company is a flagship company of the Chennai-based Shriram group and is classified as deposit taking Asset Financing NBFC.</p>
07-Jul-2020 Shriram Transport Finance surges on getting nod to raise fund via right issue <p align="justify">Shriram Transport Finance is currently trading at Rs. 717.40, up by 19.90 points or 2.85% from its previous closing of Rs. 697.50 on the BSE.<p align="justify">The scrip opened at Rs. 703.90 and has touched a high and low of Rs. 719.90 and Rs. 695.00 respectively. So far 78623 shares were traded on the counter.<p align="justify">The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1366.90 on 24-Feb-2020 and a 52 week low of Rs. 440.00 on 23-Mar-2020.<p align="justify">Last one week high and low of the scrip stood at Rs. 719.90 and Rs. 687.40 respectively. The current market cap of the company is Rs. 15848.89 crore.<p align="justify">The promoters holding in the company stood at 26.25%, while Institutions and Non-Institutions held 67.36% and 6.39% respectively.<p align="justify">Shriram Transport Finance Company has received approval to raise fund through Rights Issue of equity shares of face value of Rs 10 each for an amount not exceeding Rs 1,500 crore. The Issue Price is Rs 570 per fully paid-up rights equity share (including a premium of Rs 560 per rights equity share). The full amount of the Issue Price being Rs 570 per rights equity share will be payable on application.<p align="justify">The Securities Issuance Committee in its meeting held on July 06, 2020 has approved the same.<p align="justify">Shriram Transport Finance Company is a flagship company of the Chennai-based Shriram group and is classified as deposit taking Asset Financing NBFC.</p>
04-Jul-2020 Shriram Transport Finance to raise funds through various options <P align=justify>Shriram Transport Finance Company is considering raising of funds through various options of borrowings including by way of issue of debt securities in onshore/offshore market by public issue and/ or private placement basis and commercial papers. Based on the market conditions, Banking and Finance Committee/Debt Issuance Committee / Bond Issuance Committee will consider and approve such issuances of debt securities during the month ending July 31, 2020 subject to such terms and conditions including the issue price of debt securities, as the respective committees may deem fit.<P align=justify>Shriram Transport Finance Company is a flagship company of the Chennai-based Shriram group and is classified as deposit taking Asset Financing NBFC.
27-Jun-2020 S&P Global Ratings revises rating of Shriram Transport Finance <div align="justify">S&amp;P Global Ratings has revised rating of Shriram Transport Finance's Issuer Credit Rating at BB- (Negative) and Senior Secured Notes at BB- (Negative).<br><br></div><div align="justify">Shriram Transport Finance Company is a flagship company of the Chennai-based Shriram group and is classified as deposit taking Asset Financing NBFC.</div><div align="justify"><br></div>
15-Jun-2020 Rights Announcement Inter-alia approved raising of funds for an amount aggregating up to Rs.4,000 Crores (Rupees Four Thousand Crores Only), subject to receipt of regulatory/statutory approvals, in accordance with the provisions of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended ("SEBI ICDR Regulations") and the Companies Act, 2013 and rules made thereunder ("Companies Act"), in the following manner: (i) Issuance of Equity Shares for an aggregate amount of up to Rs.1,500 Crores by way of a rights issue The Board has approved, subject to receipt of relevant approvals from regulatory authorities as maybe required, issuance of fully paid up Equity Shares of the Company for up to an aggregate amount not exceeding Rs.1,500 Crores (Rupees One Thousand and Five Hundred Crores Only) by way of a rights issue (the "Rights Issue") to the eligible equity shareholders of the Company, as on Record Date and on such terms to be decided by the Board or a duly constituted Committee of the Board at a later date in accordance with applicable law, including the Companies Act and the rules made thereunder and the SEBI ICDR Regulations under Fast Track Rights Issue (ii) Issuance of Specified Securities for an aggregate amount of up to Rs.2,500 Crores !he Board has approved issuance of equity shares, convertible bonds, warrants, any other equity linked securities and/or combination of securities through permissible modes including but not limited to a preferential issue, qualified institution placement, rights issue, further public offer, subject to receipt of regulatory/statutory approvals, may be required, including approval of the shareholders of the Company in this regard, in accordance with the provisions of the SEBI ICDR Regulations and applicable provisions of the Companies Act. The Company will seek shareholders approval for the Issuance of Specified Securities in the ensuing 41st Annual General Meeting of the Company to be conducted on Wednesday,August 19, 2020 through Video Conferencing (VC) or Other Audio Visual Means (OAVM) as per the relaxation given by Ministry of Corporate Affairs vide General Circular No.20/2020 dated May 5, 2020 due to COVID-19 and the importance of Social Distancing.
12-Jun-2020 Allotment of Equity Shares Inter alia, to consider exploring possibilities for raising funds by way of issue of equity shares, convertible bonds, warrants, any other equity linked securities and/or combination of securities through permissible modes including but not llimited to a preferential issue, qualified institution placement, rights issue, further public offer, subject to receipt of regulatory/statutory approvals, may be required.
10-Jun-2020 Allotment of Debentures Inter alia, approved the following: 1. Approved the Resource mobilization plan for financial year 2020-21 including issuance of redeemable non-convertible debentures/subordinated debentures (NCDs) on private placement basis in tranches. The Board of Directors at its meeting held on October 24, 2019, had declared interim dividend of Rs.5/- per equity share of Rs.10/- each for the financial year 2019-2020. The interim dividend was paid to eligible shareholders on November 19, 2019. In order to conserve cash resources to face the challenges and the contingencies created by Corona virus pandemic (COVID-19), the Board of Directors have not recommended final dividend. As such, the interim dividend shall be the final dividend for the financial year 2019-20. The 41s1Annual General Meeting of the Company will be conducted on Wednesday, August 19, 2020 through Video Conferencing (VC) or Other Audit Visual Means (OAVM) as per the relaxation given by Ministry of Corporate Affairs vide General Circular No.20/2020 dated May 5, 2020 due to COVID-19 and the importance of Social Distancing. Subject to the confirmation by the Stock Exchanges, the Book Closure period for the purpose of 41stAnnual General Meeting (AGM) will be "Thursday, August 13, 2020 to Wednesday, August 19, 2020 (both days inclusive).
05-Jun-2020 Allotment of Debentures Final Dividend & Audited Results Inter alia, to consider and approve 3. Resource mobilisation plan for financial year 2020-2021 including issuance of redeemable non-convertible debentures/subordinated debentures (NCDs) on private placement basis in tranches.
05-Jun-2020 Dividend Announcement Final Dividend & Audited Results Inter alia, to consider and approve 3. Resource mobilisation plan for financial year 2020-2021 including issuance of redeemable non-convertible debentures/subordinated debentures (NCDs) on private placement basis in tranches.