Shriram Transport Finance gains on getting nod to elevate $400 million

Shriram Transport Finance gains on getting nod to elevate $400 million

by admin- Thursday, February 21st, 2019 04:54:57 PM

Shriram Transport Finance Company is presently trading at Rs. 1060.00, up with the aid of 10.50 points or 1.00% from its preceding closing of Rs. 1049.50 on the BSE.

The scrip opened at Rs. 1049.50 and has touched a excessive and low of Rs. 1067.00 and Rs. 1049.50 respectively.

The BSE group ‘A’ stock of face price Rs. 10 has touched a fifty two week high of Rs. 1670.60 on 27-Apr-2018 and a 52 week low of Rs. 903.50 on 08-Oct-2018.

Last one week excessive and occasional of the scrip stood at Rs. 1067.00 and Rs. 994.55 respectively. The contemporary market cap of the company is Rs. 23811.34 crore.

The promoters keeping within the corporation stood at 26.08%, while Institutions and Non-Institutions held fifty three.Seventy six% and 20.16% respectively.

Shriram Transport Finance Company has received approval to issuance of $four hundred million Senior Secured Notes beneath the Rs 50,000,000,000 Medium Term Note Programme. The business enterprise is signing the pricing supplement in this regard.

The company shall make the relevant intimations once the issuance and allotment of the Notes are completed. The Bond Issuance Committee of the Company has authorized the equal.

News Updates