Page 3 - Shriram Transport Finance Company

Shriram Transport Fin tumbles 14% after S&P revises outlook to negative

The rating actions reflect the increasing risks that the Indian NBFCs face due to the challenging operating conditions stemming from the COVID-19 outbreak, the agency said.

No material impact of YES Bank crisis on Shriram Transport Finance: S&P

S&P Global Ratings on Monday said Shriram Transport Finance Company (STFC) will not be materially affected by the troubles at Yes Bank as the firm's exposure is currently less than 0.5 per cent of its net worth. Earlier in the day, STFC said it has a small exposure of Rs 50 crore to Yes Bank's hybrid securities in the form of upper Tier II bonds. The finance company had made this investment in 2010. Yes Bank has been placed under a moratorium by the RBI and withdrawals have been capped. In a reconstruction plan of the bank, government-owned SBI is likely to pick up 49 per cent stake in the troubled bank. "S&P Global Ratings believes STFC's low exposure to Yes Bank's hybrid securities will shield its financial profile. STFC does not hold any Additional Tier 1 (AT1) capital instruments of the bank," the rating agency said in a release. "Only AT1 instruments are currently envisaged to be permanently written down," it said. However, even if STFC is required to make provision for ..

Shriram Transport Finance raises around Rs 3,556 crore through bond issue

The bond got overwhelming response from investors, as per the filing

Shriram Automall acquires Augeo to expand beyond auto auctioning

Augeo will be the first organised platform, which will provide complete service to the bankers and other institutions through its online portal 123done.in

World Bank investment arm to channel $200 mn into Shriram Transport Finance

The proceeds will be used for lending to small road transport operators and MSMEs in rural and semi-urban areas in low-income states

STFC to raise Rs 13.5 bn through NCDs, issue to open on October 15

It is part of the company's Tranch 2 issue of NCDs, with a base size of Rs 3 bn and an option to retain up to Rs 10.5 bn from oversubscription

Shriram Transport stock: Loan growth led by rural recovery is a positive

Focus on increasing the share of public deposits in borrowings and lower-term loan dependence should enable STFC protect its margin amid rising interest rates, observe analysts

Shriram Transport Finance extends gain on reports of merger

The stock was up 7% at Rs 1,218, extending its 3% gain on the BSE on Monday, after the company said it continuously evaluates various opportunities for enhancing shareholders' value.

Shriram Transport Finance Company focuses on rural markets to drive growth

Overall margins to improve, given 20% growth from rural segment