Shriram Transport Finance Company raises funds through senior secured notes

India Infoline News Service | Mumbai | February 10, 2017 11:41 IST

The Debt Issuance Committee has granted permission to Shriram Transport Finance Company Limited for further issue of Senior Secured Notes

Shriram Transport Finance
The Debt Issuance Committee has granted permission to Shriram Transport Finance Company Limited for further issue of Senior Secured Notes, due 2020, payable in U.S. Dollars with a coupon of 8.25% per annum, amounting to Rs 5000,000,000 (Rupee Denominated Bonds) to be consolidated and formulated into a single series with the Rs 4,750,000,000, 8.25% Senior Secured Notes, due 2020, payable in U.S. Dollars, issued on January 18, 2017; and Rs 1,750,000,000, 8.25% Senior Secured Notes, due 2020, payable in U.S. Dollars, issued on January 20, 2017 (the existing notes).

Shriram Transport Finance Company was incorporated in the year 1979, and is registered as a deposit taking NBFC with Reserve Bank of India under section 45IA of the Reserve Bank of India Act,1934.

Stock view:

Shriram Transport Finance Company Ltd is currently trading at Rs 963.7, up by Rs 11.4 or 1.2% from its previous closing of Rs 952.3 on the BSE.

The scrip opened at Rs 957 and has touched a high and low of Rs 978 and Rs 954.05 respectively. So far 693528(NSE+BSE) shares were traded on the counter.

The current market cap of the company is Rs 21605.78 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 748.05 on 12-Feb-2016.

Last one week high and low of the scrip stood at Rs 981 and Rs 940 respectively.

The promoters holding in the company stood at 26.08 % while Institutions and Non-Institutions held 40.8 % and 33.12 % respectively.

The stock is currently trading above its 200 DMA.

***Note: This is a NSE Chart

Disclaimer: The contents herein is specifically prepared by ‘Dalal Street Investment Journal’, and is for your information & personal consumption only. India Infoline Limited or Dalal Street Investment Journal do not guarantee the accuracy, correctness, completeness or reliability of information contained herein and shall not be held responsible.

 

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