Page 2 - Shriram

Shriram Finance Q1 FY25 results: Net profit rises 18.6% Rs 2,030 crore

During the period under review, the liquidity coverage ratio was at 225.19 per cent as against 202.84 per cent by the end of June 2023

Realty firm Shriram Properties elevates Gopalakrishnan J as ED & Group CEO

Realty firm Shriram Properties Ltd has elevated Gopalakrishnan J as executive director and Group Chief Executive Officer (CEO) of the company. He has been elevated from the current position as Executive Director (ED) and Group Chief Financial Officer (CFO) of the Bengaluru-based Shriram Properties. In a regulatory filing on Saturday, Shriram Properties Ltd informed that the Board of Directors at its meeting held on July 20, 2024, approved the appointment of Gopalakrishnan J as Executive Director and Group CEO effective July 20, 2024. The board also appointed K R Ramesh, who was Executive Director - Operations, as Executive Director Strategy & Corporate Development effective July 20, 2024. Gopalakrishnan joined the company in 2018 and has provided significant leadership in the ongoing transformation of the company, apart from his critical role in the IPO process and building a strong growth platform in recent years. He has more than 33 years of experience in the areas of corporate

Shriram Finance market cap crosses Rs 1-trillion mark; stock rallies 4%

Shriram Finance share: With an m-cap of Rs 1.01 trillion, Shriram Finance stood at 96th position in the overall ranking on the BSE

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REC Limited and Power Finance Corporation have soared up to 10 per cent each in the last 30 days on the NSE

TPG Investments exits Shriram Group; Sanlam ups stake in SGIC and SLIC

Sanlam has already entered into a share purchase deal to buy 6.29 per cent in SGIC and 7.04 per cent in SLIC from TPG India Investments

TPG exits Shriram Group; Sanlam ups stake in SGIC and SLIC

Sanlam has already entered into a share purchase deal to buy 6.29 per cent in SGIC and 7.04 per cent in SLIC from TPG India Investments

Street Signs: Shriram Finance and NTPC in spotlight, IPO blues, and more

According to IIFL Alternatives, Shriram Finance is expected to see inflows of nearly Rs 1,300 cr (over 3 days of volumes), while UPL could see outflows of over Rs 700 cr (nearly 5 days of volumes)

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 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

Africa's biggest insurer Sanlam banks on India as its home market reels

India's $3.4 trillion economy is expanding almost five times quicker than Sanlam's home market, with the World Bank forecasting 6.4% growth this year

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 ..

Shriram AMC to launch multi asset allocation fund, NFO to open on Friday

Additionally, the fund will allocate 10 to 25 per cent of its assets in high-quality (AAA) Short to Medium term debt

Shriram stake sale helps Piramal Enterprises report Rs 509 crore profit

A one-time gain of Rs 855 crore from the sale of its stake in Shriram Finance helped Piramal Enterprises report Rs 509 crore consolidated net profit for the April-June quarter, barring which it would have been in deep red, according to a company statement. In the June 2022 quarter, the company booked a net profit of Rs 8,155 crore. And in the reporting quarter the same printed in at Rs 509 crore led by a gain of Rs 855 crore from the sale of its 8.34 per cent stake in Shriram Finance for Rs 4,820 crore, the company said in a statement. Chairman Ajay Piramal also announced a buyback of up to 1.4 crore equity shares, representing 5.87 per cent of the pre-buyback fully paid-up equity at Rs 1,250 a share, aggregating to Rs 1,750 crore, through the tender offer route. And the entire process is expected to be completed within 2 months. He further said the promoter and promoter group shall not participate in the buyback. The Rs 1250 a share offer is a premium of 25 per cent over the last .

Shriram Finance expects strong growth in construction, farm equipment in Q2

The increase could be due to the government's rising infrastructure spending and favourable monsoon conditions, a company executive said on Thursday

Shriram Finance reports 26.6% jump in Q1 net profit at Rs 1,712.19 cr

Shriram Finance Ltd, the flagship company of diversified conglomerate Shriram Group, on Thursday reported a 26.6 per cent jump in its consolidated net profits for the April-June 2023 quarter at Rs 1712.19 crore, the company said. The company registered a consolidated net profit at Rs 1,351.62 crore during the corresponding quarter of last year. For the year ending March 31, 2023, the consolidated net profit was Rs 6,020.03 crore. The consolidated total income during the quarter under review grew to Rs 8,292.53 crore from Rs 7,138.25 crore registered a year ago. For the year ending March 31, 2023, the consolidated total income was at Rs 30,508.39 crore. In a statement, the company said its consolidated Net Interest Income for the quarter increased to Rs 4,576.61 crore as against Rs 4,044.42 crore registered in the same period of last year. The consolidated EPS (earnings per share) Basic increased by 26.12 per cent and stood at Rs 45.53 as compared to Rs 36.10 recorded in the same

Shriram Finance's long-term prospects intact as merger synergies play out

With one-off costs behind it, performance of NBFC should improve as merger synergies play out

Shriram Finance, Piramal Enterprises zoom 10% after huge block deals

According to media reports, Piramal Enterprises was planning to sell its entire 8.34 per cent stake in Shriram Finance via block deals on Wednesday.

TPG sells stake in Shriram Finance for Rs 1,400 cr, Piramal to follow suit

Shriram Finance last year became India's largest non-bank lender after merger of units

Shriram AMC zooms 73% in 3 days post appointment of Kartik Jain as MD & CEO

The company said Jain's appointment as MD and CEO will re-orient the brand's customer strategy and enhance operational efficiency