Shriram Transport Finance board to consider fund raising proposal via debt securities; Stock tanks 7%

24 Feb 2022 , 02:12 PM

Shriram Transport Finance Company Ltd stock tanks over 7% so far today in broader bearish markets trading weak global cues.

Further the company has announced that  the Board will consider raising of funds by way of issue of redeemable non-convertible debt securities including bonds in onshore/offshore market on private placement basis and/or public issue subject to market conditions and in this regard, said  company.

At around 2:11 PM, Shriram Transport Finance Company was trading at Rs1,092.45 apiece down by Rs83.85 or 7.13% on Sensex. The scrip tumbled to an intraday low at Rs1080.45 per piece today.