Shriram Transport Finance is currently trading at Rs. 717.40, up by 19.90 points or 2.85% from its previous closing of Rs. 697.50 on the BSE.
The scrip opened at Rs. 703.90 and has touched a high and low of Rs. 719.90 and Rs. 695.00 respectively. So far 78623 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1366.90 on 24-Feb-2020 and a 52 week low of Rs. 440.00 on 23-Mar-2020.
Last one week high and low of the scrip stood at Rs. 719.90 and Rs. 687.40 respectively. The current market cap of the company is Rs. 15848.89 crore.
The promoters holding in the company stood at 26.25%, while Institutions and Non-Institutions held 67.36% and 6.39% respectively.
Shriram Transport Finance Company has received approval to raise fund through Rights Issue of equity shares of face value of Rs 10 each for an amount not exceeding Rs 1,500 crore. The Issue Price is Rs 570 per fully paid-up rights equity share (including a premium of Rs 560 per rights equity share). The full amount of the Issue Price being Rs 570 per rights equity share will be payable on application.
The Securities Issuance Committee in its meeting held on July 06, 2020 has approved the same.
Shriram Transport Finance Company is a flagship company of the Chennai-based Shriram group and is classified as deposit taking Asset Financing NBFC.