Page 4 - Shriram Group

Shriram Finance unit raises $300 mn via 'first of its kind' social bonds

The bonds, which come under the "social bonds" category and were issued to U.S. investors, were priced at a coupon of 5.85% late on Monday, inside the initial price guidance of around 6.15%

RBI clears appointment of S Ravindran as part-time chairman of TMB

The approval is subject to Ravindran, stepping down from his directorships in Shriram Finance and Bandhan AMC, prior to assuming charge

Shriram Finance rallies 5% as stock is set to enter Nifty50 from March 28

Shriam Finance will replace UPL in the benchmark index, NSE said in a circular on Wednesday after market hours

NBFC major Shriram Finance to replace agro chemicals firm UPL in Nifty50

Meanwhile, Adani Power, IRFC, Jio Financial Services, PFC and REC have got included in the Nifty Next 50 index

Shriram Life Insurance's net profit jumps 61% to Rs 50 cr in Dec quarter

The insurer reported individual new business premium income of Rs 237 cr for its third quarter, raising its total premium income to Rs 842 cr in Q3FY24

Piramal Enterprises sells 20% in Shriram Investment for Rs 1,440 crore

SOT is the promoter of Shriram Capital Private Limited, which is the overarching holding company of Shriram Group

Shriram Group to enter wealth management in FY25, awaits RBI's nod

The group plans to launch its wealth management business through Shriram Credit, a subsidiary of Shriram Capital

Shriram Finance Q3 results: Marginal rise in net profit to Rs 1,873 crore

During the period under review, the company's total income reached Rs 9,305.75 crore, marking a 19 per cent increase from Rs 7,798.31 crore in the October-December period of FY23

CCI approves proposed amalgamation involving Shriram Group entities

Fair trade regulator CCI on Tuesday cleared the proposed combination involving the merger of various entities of the Shriram Group. The proposed combination relates to the amalgamation of Shriram GI Holdings Pvt Ltd with Shriram General Insurance Company Ltd. Shriram General Insurance Company is a joint venture between Shriram Capital and Sanlam Ltd (South Africa). It is an Irdai-licensed company, offering a wide range of general insurance solutions. "CCI approves the proposed amalgamation of Shriram GI Holdings Private Limited with Shriram General Insurance Company Limited," the regulator said in a post on social media platform X. The competition watchdog also granted its approval to the proposal for the merger of Shriram LI Holdings Pvt Ltd with Shriram Life Insurance Company Ltd. Shriram Life Insurance Company is jointly promoted by Shriram Group and South Africa-based financial services firm Sanlam Group. The Shriram Group is one of the largest and well-respected financial ..

Fitch assigns 'BB(EXP)' rating to Shriram Finance's proposed US bonds issue

Global rating agency Fitch on Monday assigned the 'BB(EXP)' rating to Shriram Finance Limited's proposed US dollar-denominated senior secured bonds. 'BB(EXP)' rating reflects that an issuer has some risk of default but is still a safer investment compared to others. The final rating is subject to the receipt of final documentation conforming to information already received, Fitch Ratings said in a statement. Shriram Finance will issue the proposed bonds in the international market under the Reserve Bank of India's external commercial borrowing framework. The company will issue proposed bonds under the USD 3.5 billion global medium-term-note programme, which was updated on December 29, 2023. The proposed bonds will carry a fixed-rate coupon payable semi-annually and secured by a fixed charge over specified accounts receivable in line with the company's domestic secured bonds.

We will grow above 28% this fiscal: Shriram Life MD Casparus J H Kromhout

The rural population in India is around 65-70 percent. It is much more difficult to reach rural customers, said Kromhout

Shriram Group's decision to foray into retail ARC is good biz: Top official

With the market getting crowded with wholesale asset reconstruction companies or ARCs, financial services conglomerate Shriram Group's decision to focus on retail ARC is seen as a foray at the "right time," said a top official. The Shriram group recently announced its entry into retail asset restructuring (ARC) and also into digital wealth management service businesses. "My personal view is that retail ARC is a good business to get into at this point which Umesh (Revankar) has been reiterating that in retail ARC there is nobody in this sector," Shriram General Insurance's Vice-Chairman Jasmit Singh Gujral told PTI recently. He is also part of the four-member board of management (BOM) of Shriram Ownership Trust, which oversees the activities of the group. The other three being DV Ravi, VC & MD of Shriram Capital, Umesh Revankar, Executive VC of Shriram Finance and R Duruvasan, director at Shriram Life. Elaborating, Gujral said there is a synergy across businesses of the Shriram ...

AUM to see 18-20% growth during second half: Shriram Finance's Revankar

Executive vice chairman of Shriram Finance, believes that the company's assets under management (AUM) may see healthy growth during the rest of the year as well

Small, mid or large, many 'caps' cos wear: Polycab, PFC take pole position

An equivalent number of stocks will experience downgrades, moving from large-cap to mid-cap and from mid-cap to small-cap

Shriram Finance's Umesh Revankar takes charge as chairman of FIDC

Revankar, the newly elected chairman of FIDC, expressed his gratitude and enthusiasm for the opportunity

Shriram Properties, ASK Property Fund invest Rs 206 cr in a Chennai project

The project, Shriram 122 West is the second joint investment by the co-investment platform set up by ASK & Shriram in November 2022

Shriram Group tycoon who gave away $750 mn sees profit in loans to poor

A pioneer in extending credit to India's poor for trucks, tractors and other vehicles, Thyagarajan built Shriram into a conglomerate that employs 108,000 people in everything

Shriram Finance Q1 net up 27%; targets Rs 2 trillion AUM by next quarter

Consolidated net interest income for the first quarter ended June 30 this year increased by 13.16 per cent and stood at Rs 4,576.6 crore as against Rs 4,044.42 crore

Mutual funds load up on defensives in June, book profits in financials

MFs were low on deployment of funds in the equity market in June as they invested a net of Rs 5,664 crore in a rising market scenario

Paytm partners with Shriram Finance to strengthen its loan distribution biz

Now, Shriram Finance products will be available on Paytm's platform