Key Developments: Shriram Transport Finance Company Ltd (SRTR.NS)

SRTR.NS on National Stock Exchange of India

1,096.25INR
19 Dec 2014
Price Change (% chg)

Rs-25.45 (-2.27%)
Prev Close
Rs1,121.70
Open
Rs1,122.05
Day's High
Rs1,130.00
Day's Low
Rs1,083.15
Volume
378,853
Avg. Vol
798,585
52-wk High
Rs1,224.00
52-wk Low
Rs548.70

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Latest Key Developments (Source: Significant Developments)

Shriram Transport Finance Company Ltd's chairman to resign
Monday, 17 Nov 2014 07:23am EST 

Shriram Transport Finance Company Ltd:Says Arun Duggal, non executive and non independent director and chairman of the company has decided to resign from the board of directors of the company with effect from Nov. 15.  Full Article

Shriram Transport Finance Company Ltd declares Interim Dividend
Monday, 20 Oct 2014 10:40pm EDT 

Shriram Transport Finance Company Ltd:Declares an interim dividend of 40 pct i.e. 4 Indian rupees per equity share of the face value of 10 Indian rupees each fully paid up.Says the dividend payout will be on Nov. 10.  Full Article

Shriram Transport Finance Company Ltd to borrow up to via NCDs-Business Standard
Tuesday, 17 Jun 2014 06:52am EDT 

Shriram Transport Finance Company Ltd:Plans to borrow up to 30.00 bln Indian Rupees through non-convertible debentures (NCDs) to support its financing activities-Business Standard.It has filed a draft offer document for the public issue of 30 mln Indian Rupees secured redeemable NCDs of face value of 1,000 each, it said.The proceeds of the issue will be used for financing activities such as lending and investments, for repaying loans and for business operations, including capital expenditure and working capital requirements.JM Financial Institutional Securities, A K Capital Services, Edelweiss Financial Services and ICICI Securities are the lead managers of the issue.  Full Article

Shriram Transport Finance Company Ltd recommends final dividend
Tuesday, 29 Apr 2014 07:58am EDT 

Shriram Transport Finance Company Ltd:Recommends final dividend of four Indian rupees per share of 10 Indian rupees each (i.e. 40 pct) for the year ended March 31, 2014.With this, the total dividend for the year 2013-14 is seven Indian rupees per share (70 pct).  Full Article

Shriram Transport Finance Company Ltd Declares An Interim Dividend - Business Standard
Tuesday, 29 Oct 2013 08:45am EDT 

Business Standard reported that Shriram Transport Finance Company Ltd declared an interim dividend of 30% INR3 per equity share, the record date for the entitlement thereof has been fixed as November 15, 2013.  Full Article

Shriram Transport Finance Company Ltd To Raise Up To INR5 Billion Via Non Convertible Debentures-Business Standard
Thursday, 12 Sep 2013 03:06am EDT 

Business Standard reported that Shriram Transport Finance Company Ltd is planning to raise up to INR5 billion through non convertible debentures (NCDs) to support financing activities. NCDs are loan linked bonds issued by a company that cannot be converted into stock and usually offer higher interest rate than convertible debentures. The Company has filed a draft offer document for public issue of secured redeemable NCDs of face value of INR1,000 each, NCDs aggregating up to INR2.50 billion with an option to retain over subscription up to INR2.50 billion for issuance of additional NCDs aggregating to a total of up to INR5 billion. The proceeds from the issue would be utilized for financing activities including lending and investments. Besides, the fund would be used for repaying existing loans and for business operations including capital expenditure and working capital requirements. JM Financial Institutional Securities and A K Capital Services are the lead managers of the issue, while Integrated Enterprises (India) Ltd is the registrar.  Full Article

Shriram Transport Finance Company Ltd To Raise Up To INR750 Crore (INR7.5 Billion) Via NCD Issue-The Economic Times
Thursday, 11 Jul 2013 01:02pm EDT 

The Economic Times reported that Shriram Transport Finance Company Ltd, will raise up to INR750 crore (INR7.5 billion) through a non-convertible debenture (NCD) issue. The NCD issue aggregating upto INR375 crore with an option to retain over-subscription up to INR375 crore for issuance of additional NCDs opens for subscription on July 16. The effective yield for investors will be in the range of 9.65%-11.15% with a maturity period of three-five years. The issue is open to individual, institutional, non-institutional and high networth investors. The last date for application for the NCD issue of this deposit-taking non-banking finance company July 29. According to the Company, the minimum application size is 10 bonds of INR1,000 face value each.  Full Article

Shriram Transport Finance Company Ltd To Raise INR15 Billion-Business Standard
Monday, 3 Jun 2013 03:46am EDT 

Business Standard reported that Shriram Transport Finance Company Ltd is planning to raise around INR12.5-15 billion (INR1,250-1,500 crore) via public issue of Secured Non-Convertible Debentures (NCDs).  Full Article

Piramal Enterprises Ltd Pick Up 10% Stake In Shriram Transport Finance Company Ltd For INR1,652 Crore (INR16.52 Billion)-Business Standard
Friday, 10 May 2013 11:45am EDT 

Business Standard reported that Piramal Enterprises Ltd has picked up 10% equity in Shriram Transport Finance Company Ltd (STFC), a commercial vehicle financier. The Piramal group will fork out INR1,652 crore (INR16.52 billion) to buy the stake from private equity firm TPG. The transaction was through a block deal in the market, with the Piramal group picking up about 22,847,468 shares at INR723 per share.  Full Article

Shriram Transport Finance Company Ltd. Recommends Final Dividend
Tuesday, 7 May 2013 05:53am EDT 

Shriram Transport Finance Company Ltd. announced that the Board of Directors of the Company at its meeting held on May 07, 2013, has recommended a final dividend of INR4 per equity share of INR10 each (40%) subject to shareholders' approval in the ensuing Annual General Meeting.  Full Article

India's Shriram Transport Fin to raise at least 5 bln rupees via NCDs - sources

MUMBAI, June 26 - India's Shriram Transport Finance Company Ltd will raise at least 5 billion rupees ($83.75 million) via non-convertible debentures in the first week of July, multiple sources said on Thursday.

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