Shriram Transport Finance Company raises Rs 1998.98 cr via QIP issue

Shriram Transport Finance Company has successfully raised Rs. 1,998.98 crore via a qualified institutions placement of equity shares.

The Company had launched its QIP on 07 June 2021 and received 6.3x oversubscription. The QIP was priced at Rs. 1,430 per share, representing a discount of 0.23% to the regulatorily determined floor price was Rs.1,433.32.

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