Shriram Finance, the nation’s largest retail asset finance firm, plans to lift $300 million in greenback denominated borrowing by October-end to fund enterprise development, Y.S. Chakravarti, Managing Director & CEO, stated. This will likely be a part of the $1.25-1.5 billion greenback denominated borrowing that the non-banking finance firm (NBFC) plans to lift this fiscal, … Read more
The inventory of Shriram Finance has been on a decline for almost two weeks. The worth began to reasonable on the again of the resistance at ₹3,000. However the downswing is prone to come to an finish because the inventory is close to the 20-day transferring common help, which is now at ₹2,800. Just under … Read more
BSE Sensex superior by 712.44 factors, or 0.92 per cent, to shut at 78,053.52 on Tuesday, whereas NSE Nifty50 ended at 23,721.30, increased by 183.45 factors, or 0.78 per cent. Sectoral indices traded in a combination. Nifty realty declined by 1.75 per cent to shut at 1,115.50. Financial institution sector shares outperformed. Nifty monetary companies … Read more
Divestment of Shriram Finance’s total stake in its housing finance subsidiary is capital accretive for the NBFC and can enhance capital accessible for sooner progress, in line with S&P International. Shriram Finance, on Might 13, accepted the sale of an 84.8 per cent stake in Shriram Housing Finance to an affiliate of PE agency Warburg … Read more
New York-based non-public fairness agency Warburg Pincus will purchase Shriram Housing Finance Ltd (SHFL) in a deal valued at ₹4,630 crore for fairness and convertible devices. Warburg Pincus will purchase the stake by means of its affiliate Mango Crest Funding Ltd . At current Shriram Finance Ltd holds a controlling stake in SHFL whereas non-public … Read more
Two main NBFCs -Bajaj Finance and Shriram Finance -have hiked charges on time period deposits following a slew of deposit fee hikes by banks in This fall FY24. Whereas historically NBFCs provide greater deposit charges than banks, intensified competitors for deposit accretion has pressured NBFCs to compete with smaller non-public banks and small finance banks … Read more
Nifty might hit the 24200 stage in 2024, pushed by heavyweight shares from the BFSI, auto, cement and healthcare sectors, ICICIdirect has mentioned in its newest Quant Yearly Outlook report. The Nifty was up by 119.10 pts or 0.56 per cent at 21,379.10 as of 11:30 am on Friday. The Nifty 50 pack was at … Read more