Page 6 - Shriram Group

Shriram Properties acquires a new project 'Divine City' in Chennai

The project has a revenue potential of around Rs 1,200 crore in the next five years

Piramal Enterprises loss widens to Rs 196 cr on dip in Shriram investment

Non-bank lender Piramal Enterprises on Friday reported a widening of loss to Rs 196 crore from the year-ago period's Rs 42 crore, driven by a dip in the value of its investments in Shriram Group. The company's chief executive Jairam Sridharan told reporters that if one were to exclude the mark-to-market impact of Rs 375 crore over the Shriram investments, the company's core operations would have been growing. The core net interest income came at Rs 1,128 crore, down 4 per cent from Rs 1,172 crore in the year-ago period. Sridharan said even though the lender's assets under management stayed broadly flat at over Rs 63,000 crore, it was able to achieve significant improvement on the loanbook diversification front, and retail and wholesale books are placed at even keel. This was made possible by a 49 per cent growth in retail assets, even as the wholesale book declined to Rs 29,000 crore from being at Rs 42,000 crore level in the year-ago period. Going forward, the lender will keep ..

Piramal Enterprises posts Q4 loss of Rs 196 cr on MTM hit of Rs 375 cr

Jairam Sridharan is the Managing Director, Piramal Capital & Housing Finance (PCHFL) told media that the loss on Shriram Investments has partly gone away after March 31, 2023

Shriram Finance consolidated net rises 18% to Rs 1,288 crore in Q4

The non-banking finance company's total assets under management stood at Rs 1.86 trillion by the end of March 31

Shriram Life aims to double rural presence by 2025 using digital campaign

Company uses various digital channels for agents and customers to access life insurance products and services

Shriram Finance looking to sell 15% stake in housing finance arm: Report

Shriram Housing Finance Ltd., which offers home loans, largely in the affordable housing segment, has received interest from several private equity players, including BPEA EQT, formerly Baring PE Asia

Shriram Finance aims to raise $2.44 bn in FY24 to fund growth: Official

The retail non-banking finance company (NBFC) aims to grow its assets under management (AUM) by 15% in fiscal 2024 to around 1.9 trillion rupees to 2 trillion rupees

Shriram Finance Q3 net up 161% to Rs 1,777 cr on higher net interest income

Total AUM rose to Rs 1.77 trillion as on December 31, 2022 from Rs 1.24 trillion a year earlier

Shriram Finance Q3 profit more than doubles on higher interest income

The combined entity's profit surged to Rs 1,777 crore ($217.1 million) in the quarter ended Dec 31

Dynasty Acquisition pares 2.14% stake in Shriram Finance for Rs 1,040 cr

The shares were sold at an average price of Rs 1,300 per piece, taking the transaction value to Rs 1,039.59 crore

Stock of this AMC has zoomed over 100% in one week

The BSE said that the exchange sought clarification from Shriram Asset Management Company on January 12, 2023, with reference to Movement in price, however, the reply is awaited.

Madras HC upholds Singapore arbitration award against Shriram Group firm

Court permits enforcement of award of about Rs 195 crore plus interest

Shriram Finance gets $100 mn funding from ADB for inclusive financing

Money will be used improve the status of underserved communities in India, other objectives

Shriram Finance slips 7% as additional 174 mn shares get listed on bourses

17,43,44,710 equity shares of Rs 10 each of Shriram Finance were listed and permitted for trade on the exchange with effect from Thursday, December 29, 2022.

Shriram Finance to grow its retail fixed deposits portfolio by 25%

One of the country's largest NBFC Shriram Finance Ltd plans to grow its FDs from the current Rs 32,000 cr and talks are on to raise long term funds from international markets, said Vice Chairman

Shriram Group to have metaverse presence in first quarter of 2023

It would be the first NBFC in India to give customers such a service

Shriram Pistons to acquire majority stake in EMFi to foray into EV space

Auto component maker Shriram Pistons & Rings on Friday said its unit will acquire a majority stake in electric motor design and manufacturing firm EMF Innovations to foray into the electric vehicle mobility space. SPR Engenious Ltd (SEL), a wholly-owned subsidiary of the company, is slated to acquire the stake. The financial details of the deal were not disclosed. EMF Innovations (EMFI) is co-founded by engineering entrepreneurs with substantial R&D and operations in India and Singapore. Shriram Pistons & Rings (SPRL) Managing Director & CEO Krishnakumar Srinivasan said that with this strategic investment, the company aims to expand its presence in electric vehicle (EV) space to supply electric powertrain components, such as motor and controller, covering all the vehicle segments from two-wheelers, three-wheelers, passenger vehicles and commercial vehicles. The alliance will also offer the potential for SPRL (through SEL) and EMFI to collaborate and partner to serve ...

Shriram Finance turns India's largest retail NBFC after merger: Group

The company has net worth of Rs 40,900 crore and assets under management of Rs 1,71,000 crore

Jugal Kishore Mohapatra new chairman at Shriram Finance in top-level rejig

A post graduate from Delhi School of Economics with a Masters in Economics from Boston University, he served in various key government positions in Odisha and at the Centre

Shriram Financial Ventures to be holding company in Shriram Group recast

SCL, the existing holding company of the Group, and Shriram City Union Finance will merge shortly with Shriram Transport Finance