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 Limited (STFC), has successfully raised Rs. 1,998.98 crores via a qualified institutions placement of equity shares. The Company had launched its QIP on June 7, 2021 and received 6.3x oversubscription. The QIP was priced at Rs. 1,430 per share, representing a discount of 0.23% to the regulatorily determined floor price was…
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…