Shriram Transport Finance Company (STFC) has come out with an issue of Non-Convertible Debentures (NCDs) of face value of Rs 1,000 each aggregating up to Rs 500 crore with an option to retain over-subscription up to Rs 500 crore for issuance of additional NCDs aggregating to a total of up to Rs 1000 crore.
Further, the Company has also received an in-principle approval for listing of NCDs from the Bombay Stock Exchange ('BSE'). The company will take steps to get the NCDs admitted for listing and trading on the NSE and BSE as per the terms of mentioned in the Prospectus.
STFC is the largest player in commercial vehicle finance. It lends finance for pre-owned trucks to new trucks. The company posted a net profit of Rs 340.62 crore for the quarter ended March 31, 2011 as compared to Rs 264.42 crore for the quarter ended March 31, 2010, up 29%. Total income of the company increased from Rs 1228.20 crore for the quarter ended March 31, 2010 to Rs 1387.47 crore for the quarter ended March 31, 2011.
Company Name | CMP |
---|---|
Bajaj Finance | 6868.45 |
Shriram Finance | 2881.10 |
Aditya Birla Capital | 186.30 |
SBI Cards AndPayment | 691.60 |
Mah & Mah Finl. Serv | 266.55 |
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