Deals Buzz: Shriram Capital may merge two listed arms with self
5 years, 2 months ago

Deals Buzz: Shriram Capital may merge two listed arms with self

Live Mint  

Mumbai: Mint brings you your dose of the top deals news, reported from newsrooms across the country Shriram Capital may merge two listed arms with self Financier Shriram Capital Ltd plans to merge two of its listed units with itself to help investors Piramal Enterprises Ltd and TPG Capital to easily sell their stakes in Shriram Group companies, Mint reported citing three people familiar with the plan. The plan entails merging Shriram Transport Finance Co. Ltd and Shriram City Union Finance Ltd with parent Shriram Capital to create a simpler shareholding structure. TPG Capital holds a 9.4% stake in Shriram Capital, while South Africa-based Sanlam Group owns 26% and Shriram Ownership Trust and Shriwell Trust hold 30.7% and 13.4%. Karvy Fintech to buy back shares of ₹92 crore from General Atlantic Private equity firm General Atlantic will sell some of the shares that it holds in Karvy Fintech in the company’s upcoming share buyback, Mint reported citing two people aware of the development.

Crore Mint Stake Tpg Piramal General Atlantic Shriram Capital Buzz Shriram Listed Arms Buzz Shriram Capital Karvy Fintech  listed  arms  self  deals  services  buyback  shares  stake  merge  buzz  shriram  capital  karvy  sell  crore  piramal

History of this topic

Stocks to Watch: Vedanta, Grasim, Reliance Power, Shriram Finance, Gland Pharma, and more
4 weeks ago

Stocks to Watch: Vedanta, Grasim, Reliance Power, Shriram Finance, Gland Pharma, and more

Live Mint  

Here’s a quick look at stocks likely to be in focus in today's trade. Reliance Power: Reliance Power, led by Anil Ambani, announced that its subsidiary, Reliance NU Suntech Private Ltd, has secured a 930 MW solar energy project with a Battery Energy Storage System. Shriram Finance: Shriram Finance has completed the sale of its 84.44 percent stake in Shriram …

Stocks to watch today: Reliance Power, Cipla, Shriram Finance, IT stocks
4 weeks ago

Stocks to watch today: Reliance Power, Cipla, Shriram Finance, IT stocks

India Today  

The stock market is expected to open higher on Thursday, tracking gains in Asian markets. In today’s session, several stocks such as Reliance Power Ltd, Cipla, PC Jeweller, tec are likely to be in focus due to recent developments. RELIANCE POWER LTD Reliance Power Ltd will be under the spotlight after its subsidiary, Reliance NU Suntech, won a 930 MW …

Shriram Properties eyes annual sales worth ₹5,000 crore in the next three years driven by mid-income housing sales
4 months, 2 weeks ago

Shriram Properties eyes annual sales worth ₹5,000 crore in the next three years driven by mid-income housing sales

Hindustan Times  

Bengaluru-headquartered real estate developer Shriram Properties is looking to double its sales to ₹5,000 crore, triple revenue to ₹3,000 crore and quadruple profits to more than ₹250 crore in the next three years driven by mid-income housing sales and consolidation in the real estate sector, the company's top official said on August 21. Shriram Properties eyes annual sales worth ₹ …

Shriram Finance share price tanks 7% ahead of investors meet
10 months, 1 week ago

Shriram Finance share price tanks 7% ahead of investors meet

Live Mint  

Stock market today: Shriram Finance shares have been under sell-off heat since the early morning session. Shriram Finance share price today opened downside and went on to touch an intraday low of ₹2,257 per share level, clocking more than a 7 percent dip against its previous close of ₹2,485 apiece on NSE. Shriram Finance investors' meet Shriram Finance informed Indian …

Shriram Properties shares rise over 7% today, here’s why
1 year, 1 month ago

Shriram Properties shares rise over 7% today, here’s why

Live Mint  

The shares of Shriram Properties rose nearly 6.68% to ₹126.95 apiece on Tuesday’s trading session. The shares recorded a substantial surge following a block deal that involved 16.80 million shares, equivalent to a 10 percent stake in the company, with a total value of ₹214 crore, according to a Bloomberg report. Shriram Properties experienced a remarkable 40 percent surge in …

Shriram Finance announces 150% interim dividend, plans to raise Rs 35,000 crore on private placement basis
2 years ago

Shriram Finance announces 150% interim dividend, plans to raise Rs 35,000 crore on private placement basis

Firstpost  

Shriram Finance has announced an interim dividend of 150 percent, or Rs 15 per share with a face value of Rs 10 each, fully paid up. Shriram Finance stated in a regulatory filing that the interim dividend payout is going to be made available to the eligible shareholders on or after 18 January 2023. The NBFC’s board has approved a …

Axis Bank shares tank over 3.8% after Bain Capital offloads 1.2 percent stake; details here
2 years, 2 months ago

Axis Bank shares tank over 3.8% after Bain Capital offloads 1.2 percent stake; details here

Firstpost  

The shares of the lender plunged over 3.8 percent on the National Stock Exchange by the end of the day. American private equity major Bain Capital has sold its 1.24 percent stake in private sector lender Axis Bank via a block deal today, 1 November. The stock of Axis Bank tanked after the news of the deal broke, with the …

Shriram Transport to raise ₹5,000 crore in second half of FY23
2 years, 4 months ago

Shriram Transport to raise ₹5,000 crore in second half of FY23

Live Mint  

India's Shriram Transport Finance Company Ltd plans to raise an additional 5,000 crore rupees in the second half of the financial year to fund growth opportunities. The non-banking finance company has already raised 5,000 crore rupees in the first half of this year and the additional funds raised would be separate from its existing refinancing plans amounting to 50,000 crore …

Shriram Properties share listing today. Experts predict tepid debut
3 years ago

Shriram Properties share listing today. Experts predict tepid debut

Live Mint  

Shriram Properties IPO listing: Shares of Shriram Properties Limited shall be listed and admitted to dealings on NSE and BSE today. Ahead of Shriram Properties share listing, stock market experts have said that the realty scrip may have a muted debut and allottees should expect 8-10 per cent premium from the public issue. On Shriram Properties IPO listing price prediction; …

Shriram Capital nearing a merger deal with lending units
3 years, 2 months ago

Shriram Capital nearing a merger deal with lending units

Live Mint  

Shriram Capital Ltd., an Indian financial services company, is nearing a deal to merge with its two publicly traded shadow lending arms as it seeks to fold its offerings into a single entity, people familiar with the matter said. Unlisted Shriram Capital is in the process of firming up the amalgamation with Shriram Transport Finance Co. and Shriram City Union …

Shriram Housing Finance receives ₹200 crore infusion from parent
3 years, 7 months ago

Shriram Housing Finance receives ₹200 crore infusion from parent

Live Mint  

Mumbai: Shriram City Union Finance has infused ₹200 crore into its housing finance subsidiary, Shriram Housing Finance Limited, the latter said in a statement on Friday. The board of Shriram City Union Finance has also approved an investment of up to ₹500 crore into SHFL over the next two years, including the recent ₹200 crore infusion. The net worth of …

Govt Seeks EoIs for Sale of Pawan Hans Once Again, Shortlisted Bidders to be Intimated by February 17
4 years, 1 month ago

Govt Seeks EoIs for Sale of Pawan Hans Once Again, Shortlisted Bidders to be Intimated by February 17

News 18  

After repeated failed attempts to disinvest public sector helicopter service provider, Pawan Hans, the Central government has again initiated the process of its sale and has sought expressions of interest for the Mini Ratna company. Around 2,84,316 equity shares are held by the President of India, through Ministry of Civil Aviation, aggregating to 51 per cent of the total paid-up …

Societe Generale buys 1.47 lakh Shriram Transport Rights Entitlement shares
4 years, 5 months ago

Societe Generale buys 1.47 lakh Shriram Transport Rights Entitlement shares

Live Mint  

Mumbai : French bank Societe Generale has bought 1,47,407 Rights Entitlement shares of Shriram Transport Finance Co Ltd on Wednesday. These rights entitlement shares will allow Societe Generale to invest in the ongoing rights issue of Shriram Transport. Commercial vehicles financier Shriram Transport launched its rights issue on 16 July and will close on 30 July to raise ₹1,500 crore. …

With Piramal’s exit, life comes full circle for Shriram Group
5 years, 6 months ago

With Piramal’s exit, life comes full circle for Shriram Group

Live Mint  

Billionaire Ajay Piramal’s decision to finally bow out of Shriram Capital caps years of unsuccessful attempts to harness Shriram Group’s key strengths to the advantage of his own financial services business. On Tuesday, Shriram Capital Ltd, the holding company of Shriram Group, said Piramal Enterprises Ltd and private equity firm TPG Capital have decided to sell their stakes in the …

Evaluating selling entire 20% stake in Shriram Capital: Piramal Enterprises
5 years, 6 months ago

Evaluating selling entire 20% stake in Shriram Capital: Piramal Enterprises

Live Mint  

New Delhi: Piramal Enterprises Monday said it is planning to sell its entire holding of around 20 per cent stake in Shriram Capital Ltd to fund growth of its financial services business. The company had earlier this month sold its entire holding of 10 per cent holding in Shriram Transport Finance Co Ltd for ₹2,300 crore. "As part of the …

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