Shriram Transport Finance Company

Shriram Transport Finance Company Ltd plans to raise an additional 50 billion rupees ($627.20 million) in the second half of the financial year to fund growth opportunities.

Shriram Transport Share: The company said in a regulatory filing that it has fixed a price of Rs 570 a share for its proposed rights issue of Rs 1,500 crore.

Fixed deposits (FDs) are not only offered by banks but also by companies. In fact, the interest rates offered on company fixed deposits are higher than those on bank fixed deposits.

Fixed deposit (FD) interest rates of non-banking finance companies are more attractive compared with those of banks. Bank fixed deposits (FDs) are secured by the Reserve Bank of India up to Rs 1 lakh. This means that even if a bank goes bankrupt, each depositor will get this sum.

The NSE benchmark Nifty surged to fresh all-times high today, tracking higher global markets after the US Federal Reserve signalled gradual rate hikes, soothing investors who had feared faster rate hikes.

Shriram Transport Finance Company (STFC) has reported an increase of 16.5 per cent in net profit at Rs 374.10 crore for the quarter ended June 2016.

Shriram Transport Finance Company on Wednesday said it will raise up to Rs 25,000 crore and buy back bonds worth Rs 500 crore.

Shriram Transport Finance Company on Friday reported a 54.56 per cent plunge in profit to Rs 143.92 crore for the fourth quarter ended March 31.

Shriram Transport Finance Company Limited (STFC) on Saturday reported a 20 per cent rise in net profit at Rs 375.07 crore for the third quarter of the current fiscal year.

Foreign investors have been restricted by the Reserve Bank of India (RBI) to buy further shares in Shriram Transport Finance Company Ltd as their holding has gone beyond the permitted limit.

Taxi aggregator Ola has partnered with Shriram Automall India and Shriram Transport Finance Company (STFC) to enable exchange of diesel cars and financing for CNG cars in the city.

Shriram Equipment Finance Company (SEFC) on Wednesday said it will amalgamate with Shriram Transport Finance Co Ltd (STFC) for better synergy.

Total disbursement of Shriram Transport Finance Company increased to Rs 9,200 crore in the April-June period from Rs 7,500 crore in the year-ago quarter.

Indian companies have raised close to Rs 7,000 crore via retail issuing of non-convertible debentures (NCDs) in the first eight months of the ongoing fiscal year (2014-15), primarily to meet their working capital requirements.

Individually, Shriram Transport Finance Company raised Rs 1,975 crore, as against a target of Rs 500 crore; Muthoot Finance mopped up Rs 466 crore against a base size of Rs 250 crore; and ECL Finance garnered Rs 400 crore as against Rs 200 crore.

Shriram Transport Finance Company Ltd plans to raise an additional 50 billion rupees ($627.20 million) in the second half of the financial year to fund growth opportunities.

Shriram Transport Share: The company said in a regulatory filing that it has fixed a price of Rs 570 a share for its proposed rights issue of Rs 1,500 crore.

Fixed deposits (FDs) are not only offered by banks but also by companies. In fact, the interest rates offered on company fixed deposits are higher than those on bank fixed deposits.

Fixed deposit (FD) interest rates of non-banking finance companies are more attractive compared with those of banks. Bank fixed deposits (FDs) are secured by the Reserve Bank of India up to Rs 1 lakh. This means that even if a bank goes bankrupt, each depositor will get this sum.

The NSE benchmark Nifty surged to fresh all-times high today, tracking higher global markets after the US Federal Reserve signalled gradual rate hikes, soothing investors who had feared faster rate hikes.

Shriram Transport Finance Company (STFC) has reported an increase of 16.5 per cent in net profit at Rs 374.10 crore for the quarter ended June 2016.

Shriram Transport Finance Company on Wednesday said it will raise up to Rs 25,000 crore and buy back bonds worth Rs 500 crore.

Shriram Transport Finance Company on Friday reported a 54.56 per cent plunge in profit to Rs 143.92 crore for the fourth quarter ended March 31.

Shriram Transport Finance Company Limited (STFC) on Saturday reported a 20 per cent rise in net profit at Rs 375.07 crore for the third quarter of the current fiscal year.

Foreign investors have been restricted by the Reserve Bank of India (RBI) to buy further shares in Shriram Transport Finance Company Ltd as their holding has gone beyond the permitted limit.

Taxi aggregator Ola has partnered with Shriram Automall India and Shriram Transport Finance Company (STFC) to enable exchange of diesel cars and financing for CNG cars in the city.

Shriram Equipment Finance Company (SEFC) on Wednesday said it will amalgamate with Shriram Transport Finance Co Ltd (STFC) for better synergy.

Total disbursement of Shriram Transport Finance Company increased to Rs 9,200 crore in the April-June period from Rs 7,500 crore in the year-ago quarter.

Indian companies have raised close to Rs 7,000 crore via retail issuing of non-convertible debentures (NCDs) in the first eight months of the ongoing fiscal year (2014-15), primarily to meet their working capital requirements.

Individually, Shriram Transport Finance Company raised Rs 1,975 crore, as against a target of Rs 500 crore; Muthoot Finance mopped up Rs 466 crore against a base size of Rs 250 crore; and ECL Finance garnered Rs 400 crore as against Rs 200 crore.