There is also a worry that the merger will result in a rise in STFC exposure to riskier assets
Shriram Transport Finance Company (STFC) — a truck and commercial vehicle financier — has been one of the biggest losers among the BSE 200 stocks in recent weeks. The company’s stock price is down nearly 16 per cent in the last one month, against 0.5 per cent rise on the benchmark BSE Sensex during the period. The stock closed on Monday at Rs 1,217.6 apiece, down 27 per cent from its 52-week high share price of Rs 1,664 made on November 8.
Analysts attribute this to investors’ concerns about the company’s merger with group firms Shriram City Union Finance (SCUF) and Shriram Capital.
“Investors are not too happy with the promoter’s plan to consolidate the group’s entire lending business under
First Published: Dec 27 2021 | 8:42 PM IST