Shriram Transport Finance Limited (STFC), India’s Commercial Vehicle Financier and Shriram City Union Finance Ltd. (SCUF), India’s diversified NBFC in the underserved segment and their Promoter entity Shriram Capital Limited (SCL) announced that the boards of directors of STFC, SCUF & SCL, at their respective board meetings held on 13th December 2021, approved the merger…
Shriram Transport Finance Company Ltd, India’s largest player in commercial vehicle finance, has raised Rs 350 crore ($48.3 million) in a debt funding deal structured and executed by non-bank lender Northern Arc Capital. Cash proceeds will be used to support first-time truck buyers, small road transporters and drivers-turned-truck owners who have been impacted by the…
Financier Shriram Capital Ltd plans to merge two of its listed units, Shriram Transport Finance Co. Ltd and Shriram City Union Finance Ltd, with itself to create a simpler shareholding structure and help investors Piramal Enterprises Ltd and TPG Capital to easily sell their stakes in Shriram Group companies. Kotak Mahindra Capital Co. Ltd has…
R Sridhar, the Managing Director and Chief Executive Officer for Shriram Capital has stepped down from his full-time executive role in the company. Sridhar, has been with Shriram Group for the last 28 years in various roles and predominantly as the CEO in its flagship NBFC Shriram Transport Finance Company. He would however continue to…