The non-banking finance company had witnessed a net profit of Rs 771.24 crore in the year-ago quarter ended September 2021.
This is in addition to the first dividend of Rs 6 per share declared by the board on October 29, 2020 and paid to the eligible shareholders on November 26, Shriram Transport said in a regulatory filing.
Emkay Global Financial is bullish on Shriram Transport Finance Company has recommended buy rating on the stock with a target price of Rs 1455 in its research report dated January 28, 2021.
The key net interest income rose to Rs 2,148.22 crore from Rs 2,113.75 crore in the same period of the previous year.
Shriram Transport Finance Company said in this regard the meeting of the banking and finance committee/debt issuance committee / bond issuance committee will be held to consider and approve such issuances of debt securities during the month ending January 31, 2021.
Total assets under management as on June 30, 2020 stood at Rs 1.12 lakh crore as compared with Rs 1.06 lakh crore a year ago, it said.
Investor Accion Frontier Inclusion Mauritius sold another 1.75 lakh shares in IndiaMART InterMESH at Rs 2,251.41 per share
Kotak Funds - India Midcap Fund was the buyer in Carborundum deal, acquiring 11,62,548 shares in the company at Rs 235 per share.
The committee has fixed July 10 (Friday) as the record date for the purpose of determining the equity shareholders entitled to receive the rights entitlement in the rights issue of equity shares for an amount not exceeding Rs 1,500 crore, the company said.
The rating agency further said it expects the overall impact on the NBFC sector to be more pronounced than on the banking sector, given some of them lend to "weaker" customers.
The company represented itself with relevant information and facts that it was of the bona fide view that it had not contravened any of the provisions of the Foreign Exchange Management Act (FEMA).
"The company is considering raising of funds through various options of borrowings including by way of issue of debt securities in onshore/offshore market by public issue and/or private placement basis and commercial papers," Shriram Transport Finance company said in a filing to BSE.
STFC has offered rated, listed, secured, redeemable, non-convertible debentures on private placement basis for an issue size up to Rs 500 crore, it said.
The company has allotted rated, listed, secured, redeemable, non-convertible debentures on private placement basis for an issue size of Rs 500 crore, STFC said in a regulatory filing.
We expect volatility to inch higher this week as participants will unwind and rollover their derivatives positions due to schedule F&O expiry on July 25
The company had reported a net profit of Rs 961.76 crore in the same period of 2017-18, it said in a regulatory filing.
The non-banking finance company (NBFC) had registered a net profit of Rs 541.54 crore in the October-December quarter of 2017-18.
The base size of the public issue is Rs 200 crore with an option to retain an additional amount of up to Rs 500 crore from oversubscription, the company said in a release.
Trends on SGX Nifty indicate a positive opening for the broader index in India, a rise of 40 points or 0.36 percent. Nifty futures were trading around 11,082-level on the Singaporean Exchange.
Technically, the index formed a Bearish Candle on the daily scale which suggests that bears are putting pressure at higher levels.
The company said it has issued secured, redeemable non-convertible debentures on private placement basis for an issue size of Rs 1,830 crore.
"The Allotment Committee-NCDs of the company in its meeting held today, approved and allotted 4,000 secured redeemable rated listed non-convertible debentures of face value of Rs 10 lakh each, aggregating to Rs 400 crore on private placement basis," the company said in a regulatory filing.
CD Equisearch recommended accumulate rating on Shriram Transport Finance Company with a target price of Rs 1475 in its research report dated November 23, 2017.
Its net profit stood at Rs 387.65 crore in the corresponding July-September quarter of the previous fiscal.
"The allotment committee-NCDs of the company in its meeting held today, approved and allotted 4,000 secured, redeemable rated listed non-convertible debentures ...aggregating to Rs 400 crore on private placement basis," the company said in a regulatory filing.