Shriram Transport Finance Company (STFC) today said its Managing Director R Sridhar will be stepping down to take over as managing director and chief executive of the group holding company.
Britannia Industries on Friday reported 44.8 per cent rise in net profit at Rs 54 crore for the third quarter ended December compared to the corresponding quarter last financial year.
TPG Capital will dilute its stake in Shriram Transport Finance Company (STFC) over the next six to nine months, according to the subsidiary of the Rs 30,000-crore Shriram Group.
Shriram Transport Finance Company Ltd, the asset financing non-banking finance company under of Shriram group, has announced its plan to set up 50 single-window centres branded Automall to offer easy trade of pre-owned trucks.
Shriram Automall, a subsidiary of Shriram Transport Finance Company, plans to open 50 automalls by 2013 with an investment of around Rs 100 crore, a top company official has said.
Shriram Transport Finance Company reported a 20% increase in its standalone net profit for the quarter ended June 30, 2011 due to 20% rise in its net interest income during the quarter.
Shriram Transport Finance Company (STFC), a non-banking financial company (NBFC) in the niche pre-owned and new truck and commercial vehicle (CV) financing space, has seen its stock dip 17 per cent in the last three months.
Shriram Transport Finance Company (STFC), aN NBFC arm of the Rs 30,000 crore Shriram Group is planning to infuse around Rs 1,000 crore in one of its subsidiaries, Shriram Equipment Finance Company (SEFC).
Shriram Transport Finance Company today said it was eyeing assets under management (AUM) worth Rs 42,000 crore in next two years, with bulk of business originating from pre-owned truck finance.
Shriram Automall India Ltd, a subsidiary of the Shriram Transport Finance Company (STFC), will set up 11 auto malls in Andhra Pradesh by the end of this fiscal.
Shriram Transport Finance Company (STFC) would raise interest rates on its commercial vehicle loans in the second quarter, as its cost of borrowing increased by 100 basis points after the RBI withdrew the priority-sector status for loans to transport
Shriram Transport Finance Company today said it will add 40 small outlets across the country to sell pre-owned commercial vehicles this fiscal, as well as open two large such showrooms in the coming months.
Shriram Transport Finance, the largest commercial vehicle financier in the country, plans to raise Rs 1,000 crore by issuing secured non-convertible debentures (NCDs) to meet the lending requirement and debt repayment in the current financial year.
Commercial vehicle financier Shriram Transport Finance has set a borrowing target of Rs 12,000 crore for FY12 and may look at a second retail bond issue before the end of the fiscal year, a top official said on Monday.
