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. In addition to subscription to their respective rights entitlement, the promoter entities have also reserved the right to subscribe to additional equity shares in the rights issue, including for any rights entitlements renounced in their favour or in favour of any entities controlled by them.

Rights Share Shares Societe Generale Shriram Transport Rights Entitlement  shares  issue  buys  147  generale  shriram  share  rights  transport  lakh  entitlement  crore  societe

History of this topic

Shriram Finance announces 150% interim dividend, plans to raise Rs 35,000 crore on private placement basis
1 year, 11 months 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 …

Shriram Transport to raise ₹5,000 crore in second half of FY23
2 years, 3 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 Capital nearing a merger deal with lending units
3 years, 1 month 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 …

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