SHRIRAM FINANCE LTD.
NSE : SHRIRAMFINBSE : 511218ISIN
CODE : INE721A01013Industry : Finance - NBFCHouse
: Shriram Transport
BSE2372.050.35 (+0.01 % )
PREV CLOSE (Rs.) 2371.70
OPEN PRICE (Rs.) 2375.05
BID PRICE (QTY) 0.00 (0 )
OFFER PRICE (QTY) 0.00 (0 )
VOLUME 2760
TODAY'S LOW / HIGH (Rs.)
52 WK LOW / HIGH (Rs.)
NSE2369.00 -2.6 (-0.11 % )
PREV CLOSE(Rs.) 2371.60
OPEN PRICE (Rs.) 2379.80
BID PRICE (QTY) 2368.15 (75 )
OFFER PRICE (QTY) 2369.00 (33 )
VOLUME 31177
TODAY'S LOW / HIGH(Rs.)
52 WK LOW / HIGH (Rs.)
Company News
| Date | Heading | Details |
|---|---|---|
| 14-May-2024 | Shriram Finance gets nod to sell entire stake in Shriram Housing Finance | <p style="text-align: justify;">Shriram Finance (SFL) has received approval for the sale of its housing finance subsidiary Shriram Housing Finance (SHFL) to Warburg Pincus, a leading global growth investor. Warburg Pincus will acquire the stake through its affiliate Mango Crest Investment from all the sellers. The proposed transaction is valued at Rs 4,630 crore for equity and convertible instruments of SHFL. The transaction is subject to regulatory approvals. SFL holds a controlling stake in SHFL while private equity firm Valiant Partners L.P. (Valiant), Mauritius, holds the remaining ownership. As a part of this transaction, Valiant will also completely divest its equity stake to Warburg Pincus. </p><p style="text-align: justify;">This transaction marks a significant strategic milestone in the journey of Shriram Housing Finance underscoring the exceptional value it has created. Following the conclusion of this transaction, Shriram Housing Finance will operate as a standalone entity, continuing to enhance value for its stakeholders as it preserves its heritage and mission to provide housing finance solutions to the under-served population of the country. The Board of Directors of the Company in their Meeting held on May 13, 2024, has approved the same.</p><p style="text-align: justify;">Shriram Finance (Formerly Shriram Transport Finance Company) is one of the largest asset financing NBFC in the country and holistic finance provider for the commercial vehicle industry and seeks to partner small truck owners for every possible need related to their assets.</p><div style="text-align: justify;"><br></div> |
| 08-May-2024 | Shriram Finance informs about compliance certificate | <div>Shriram Finance has confirmed that the securities comprised in the certificates have been listed on the Stock Exchanges. Registrar and Share Transfer Agent Integrated Registry Management Services (R & T Agent) has after due verification, immediately mutilated and cancelled certificates of security received for dematerialization and substituted in the register of members, the name of depository as registered owner. In this regard the confirmation letter dated May 07, 2024, given by its R & T Agent to the depositories is enclosed.</div><div><br></div><div>The above information is a part of company's filings submitted to BSE.</div><div><br></div> |
| 27-Apr-2024 | Shriram Finance informs about audio recording link of earnings call | <div style="text-align: justify;">With reference to its letter dated 19 April 2024, intimating about the Conference Call held on Friday, 26 April 2024 at 7.00 pm. Shriram Finance has informed that the audio link of the said call is uploaded on the Company website www.shriramfinance.in and the direct link of the audio is https://cdn.shriramfinance.in/sfl-kalam/files/2024- 04/SHR0620240426152212.mp3. The transcript of the said call will be uploaded soon.</div><div style="text-align: justify;"><br></div><div style="text-align: justify;">The above information is a part of company's filings submitted to BSE.</div> |
| 26-Apr-2024 | Shriram Finance gets nod to acquire 100% equity stake in Shriram Overseas Investments | <p style="text-align: justify;">Shriram Finance has received approval for acquisition of 100% equity stake in Shriram Overseas Investments (SOIPL) from Shriram Investments Holdings. The Board of Directors in its meeting held on April 26, 2024 has approved the same.</p><p style="text-align: justify;">The Company intends to acquire entire share capital of Shriram Overseas Investments which will commence Primary Dealership business on receipt of necessary approval/license of Primary Dealership from Reserve Bank of India. There exists significant opportunity to access to fixed income market with guaranteed source of funds through acquiring Primary Dealership license from RBI. </p><p style="text-align: justify;">Shriram Finance (Formerly Shriram Transport Finance Company) is one of the largest asset financing NBFC in the country and holistic finance provider for the commercial vehicle industry and seeks to partner small truck owners for every possible need related to their assets.</p> |
| 26-Apr-2024 | Shriram Finance reports 57% rise in Q4 consolidated net profit | <p style="text-align: justify;">Shriram Finance has reported results for fourth quarter (Q4) and year ended March 31, 2024.</p><p style="text-align: justify;">The company has reported 48.73% rise in its net profit at Rs 1,945.87 crore for the quarter under review as compared to Rs 1,308.31 crore for the same quarter in the previous year. Total income of the company increased by 22.25% at Rs 9,497.85 crore for Q4FY24 as compared Rs 7,769.15 crore for the corresponding quarter previous year. </p><p style="text-align: justify;">On consolidated basis, the company has reported 57.06% rise in its net profit at Rs 2,018.33 crore for fourth quarter ended March 31, 2024 as compared to Rs 1,285.04 crore for the same quarter in the previous year. Total income of the company increased by 24.29% at Rs 9,918.30 crore for Q4FY24 as compared Rs 7,979.75 crore for the corresponding quarter previous year.</p><p style="text-align: justify;">For the year ended March 31, 2024, the company has reported 20.26% rise in its net profit at Rs 7,190.48 crore as compared to Rs 5,979.34 crore for the previous year. Total income of the company increased by 17.43% at Rs 34,997.61 crore for year under review as compared to Rs 29,802.89 crore for year ended March 31, 2023.</p><p style="text-align: justify;">For the year ended March 31, 2024, on the consolidated basis, the company has reported 22.95% rise in its net profit at Rs 7,391.11 crore as compared to Rs 6,011.47 crore for the previous year. Total income of the company increased by 19.35% at Rs 36,412.99 crore for year under review as compared to Rs 30,508.39 crore for year ended March 31, 2023. </p><div style="text-align: justify;"><br></div> |
| 06-Apr-2024 | Shriram Finance informs about disclosure | <div>Shriram Finance has informed that the Company has today received the copy of the order dated March 7, 2024 passed by the Hon'ble Appellate Tribunal under SAFEMA, New Delhi (Appellate Tribunal). Vide said Order, the Appellate Tribunal has disposed of as infructuous the Appeal No. FPA-FE-101/CHN/2020 filed by the Deputy Legal Advisor, Directorate of Enforcement, Chennai. The disclosure in this regard as required under Regulation 30 read Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 is enclosed.</div><div><br></div><div>The above information is a part of company's filings submitted to BSE.</div><div><br></div> |
| 02-Apr-2024 | Shriram Finance informs about loss of share certificate | <div style="text-align: justify;">Shriram Finance has informed that it received the letter from the shareholder informing about loss of physical shares certificates. A photocopy of the document along with proof of the date of receipt is enclosed. As per the document received from shareholder and from records, they noticed that shareholder are holding the shares as per the details enclosed.</div><div style="text-align: justify;"><br></div><div style="text-align: justify;">The above information is a part of company's filings submitted to BSE.</div><div><br></div> |
| 30-Mar-2024 | Shriram Finance informs about disclosure | <div style="text-align: justify;">In continuation to intimation dated March 22, 2024 with respect to the Company acting in the capacity of Option Provider to purchase Compulsory Convertible Debentures (CCDs) (including the resultant Equity Shares) to be issued by Shriram Housing Finance, high value debt listed non-material subsidiary of the Company (SHFL/Issuer) from Kotak Mahindra Investments (Investor) upon exercise of put /call option as per the Option Agreement to be executed between the Company, SHFL and Investor; Shriram Finance has informed that the Company has today executed the said Option Agreement with SHFL and Investor.</div><div style="text-align: justify;"><br></div><div style="text-align: justify;">The above information is a part of company's filings submitted to BSE.</div><div style="text-align: justify;"><br></div> |
| 26-Mar-2024 | Allotment of Debentures | Inter alia, approved:- 1. to act as Option Provider as per indicative term sheet to be executed by and between Shriram Housing Finance Limited, high value debt listed non-material subsidiary of the Company (SHFL/Issuer), Kotak Mahindra Investments Limited (Investor) and the Company involving the proposal to issue Compulsory Convertible Debentures (CCDs) by Issuer to the Investor and 2. to purchase the said CCDs upon exercise of put /call option as per the Option Agreement to be executed between the Company, SHFL and Investor. |
| 23-Mar-2024 | Shriram Finance informs about outcome of board meeting | <div>Shriram Finance has informed that the Board of Directors of the Company at their meeting held today, March 22, 2024, considered and accorded its approval: to act as Option Provider as per indicative term sheet to be executed by and between Shriram Housing Finance, high value debt listed non-material subsidiary of the Company (SHFL/Issuer), Kotak Mahindra Investments (Investor) and the Company involving the proposal to issue Compulsory Convertible Debentures (CCDs) by Issuer to the Investor and; to purchase the said CCDs upon exercise of put /call option as per the Option Agreement to be executed between the Company, SHFL and Investor.</div><div><br></div><div>The above information is a part of company's filings submitted to BSE.</div><div><br></div> |
