Shriram Transport Finance Ltd

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  Shriram Transport To Raise Rs 5,000 Crores In June Quarter

  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.

• RBI Restricts Foreign Investors From Buying Shriram Transport Finance Shares

  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.

• Shriram Equipment to Amalgamate With Transport Finance

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

• Indian Firms Garner Rs 4,000 Crore via NCDs so far This Fiscal Year

  Indian companies mopped up close to Rs 4,000 crore via retail issuance of non-convertible debentures in the ongoing fiscal year (2014-15), primarily to meet working capital requirements.

• Indian Companies Raise Rs 3,300 Crore via NCDs This Fiscal

  Indian companies have mopped up over Rs 3,300 crore via retail issuance of non-convertible debentures (NCDs) till early this month, primarily to meet their working capital requirements.

• Shriram Transport Finance to Raise at Least Rs 500 Crore via NCDs: Report

  Shriram Transport Finance shares ended 4.8 per cent higher on Thursday compared to a 1 per cent fall in the Nifty.

• Shriram Transport Finance to Borrow Up to Rs 3,000 Crore via NCDs

  Shriram Transport Finance Ltd plans to borrow up to Rs 3,000 crore through non-convertible debentures (NCDs) to support its financing activities.

• Piramal to buy Shriram City Union shares worth Rs 778 crore

  Piramal Enterprises Ltd has agreed to buy a 9.99 per cent stake in Shriram City Union Finance Ltd valued at about $130 million, its latest investment in a firm linked to the Chennai-based Shriram group.

• Piramal to buy 20% stake in Shriram Capital for $334 million

  Shriram Capital is the holding company for the Chennai-based Shriram group, which controls Shriram Transport Finance Co Ltd and Shriram City Union Finance.

• Shriram Transport Finance to expand car lending book

  The company, which largely finances trucks, buses and tractors, started focusing on this segment six months ago. Out of the total $8 billion assets under management, heavy commercial vehicles account for 40 percent, outlook for which continues to be grim.

• Companies mop up Rs 4,800 crore through issue of retail non-convertible debentures

  Four non-banking finance companies -- Srei Infrastructure Finance Ltd, Shriram Transport Finance Company Ltd, Rural Electrification Corp and Muthoot Finance -- have tapped the NCD route so far in 2013-14. They had a target to mop up Rs 1,700 crore collectively.

• Blackstone, Temasek eye stake in Shriram Ventures

  Blackstone Group and Temasek Holdings are in separate talks to invest about $200 million in Shriram Ventures

• TPG sells stake in Shriram Transport for $300 million

  US private equity firm TPG Capital raised about $300 million by selling its roughly 10 per cent stake in Indian commercial vehicle financier Shriram Transport Finance Co Ltd to Piramal Group, generating a near seven times return on a 2006 investment.

• Rupee posts biggest single-day gain in three weeks

  The rupee notched up its biggest single-day gain in three weeks on Friday boosted by inflows delayed by a strike that curtailed trading over the last couple of sessions, but investors were jittery ahead of the crucial 2013/14 budget next week.

• TPG sells 10% stake in Shriram Transport Finance for Rs 1600 crore

  TPG Capital, which held its stake in Shriram Transport Finance Company through Newbridge India Investment Ltd, sold 2.26 crore shares (amounting to 9.98 per cent stake) in the firm, as per data available with stock exchanges. The shares were sold on an average price of Rs 715.15 valuing the deal size at Rs 1,612 crore, data showed.