Shriram Transport Finance approves non-convertible debentures issue worth Rs.25 crore

India Infoline News Service | Mumbai | August 17, 2016 09:12 IST

The company has informed BSE that the Allotment Committee - NCDs of the Company in its meeting held on August 16, 2016 approved and allotted 250 Secured Redeemable Non-Convertible Debentures (NCDs) of face value of Rs.10 lakh only each, aggregating to Rs.25 crore on private placement basis.

Shriram Transport Finance Company
Shriram Transport Finance Company Ltd has informed BSE that the Allotment Committee - NCDs of the Company in its meeting held on August 16, 2016 approved and allotted 250 Secured Redeemable Non-Convertible Debentures (NCDs) of face value of Rs.10 lakh only each, aggregating to Rs.25 crore on private placement basis.

Shriram Transport Finance Company Ltd is currently trading at Rs. 1279.4, up by Rs. 5.35 or 0.42% from its previous closing of Rs. 1274.05 on the BSE.
The scrip opened at Rs. 1265 and has touched a high and low of Rs. 1279.4 and Rs. 1265 respectively. So far 2367(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 28905.65 crore.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1325 on 01-Aug-2016 and a 52 week low of Rs. 736.5 on 21-Jan-2016. Last one week high and low of the scrip stood at Rs. 1310.05 and Rs. 1253 respectively.
The promoters holding in the company stood at 26.05 % while Institutions and Non-Institutions held 29.92 % and 44.03 % respectively.
The stock is currently trading above its 50 DMA.

***Note: This is a NSE Chart

 

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