Shriram City Union Finance has received approval from equity shareholders and creditors for its merger with Shriram Transport Finance Company (STFC). In December 2021, Chennai-based diversified financial services company Shriram Group had declared the merger of Shriram Capital (SCL) and Shriram City Union Finance (SCUF) with Shriram Transport Finance (STFC).
In the month of June 2022, the group had received approval for the merger of SCL and SCUF with STFC from the Reserve Bank of India (RBI). The company is now awaiting approval from NCLT, CCI and IRDA. The merged entity will be known as Shriram Finance and it will be the largest retail non-banking finance company in the country.
Shriram City Union Finance is India’s premier financial services company specializing in small-ticket retail finance.
Company Name | CMP |
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Bajaj Finance | 7582.65 |
Shriram Finance | 3538.05 |
Aditya Birla Capital | 228.55 |
SBI Cards AndPayment | 786.80 |
Mah & Mah Finl. Serv | 321.60 |
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