Shriram group operationalises largest retail NBFC Shriram Finance; to focus on non-vehicle financing
The new company, to be headquartered in Mumbai, has over 6.7 million customers being served at over 3,600 branches across the country, barring Nagaland, by its 57,000 employees of which 6,000 were added after the merger announcement.
Is it time to add FMCG stocks to your portfolio? Varun Lohchab answers
We will have a high base in the second half in terms of the raw material cost, so YoY, things will start looking better on the margin front. So staples valuations again are not a big concern now as it was a couple of years back when relative to market they were really expensive but I would say that FMCG is somewhere in the middle. We have a neutral kind of call. It is not too compelling on valuations.
Merger bound Shriram Finance to emerge as second largest retail NBFC: Kotak Institutional Equities
Shriram Capital Limited (SCL), the holding company of the Shriram Group, and Shriram City Union Finance are being merged with Shriram Transport Finance, and the company will now be named as Shriram Finance