Shriram Transport Finance Company raises Rs 2000 cr via QIP, DETAILS HERE
Shriram Transport Finance share price: Shriram Transport Finance Company raises Rs 2000 cr via QIP. Board also approves Preferential Issue to Shriram Capital (Promoter) of Rs.500 cr. Shriram Transport Finance Limited (STFC) has successfully raised Rs. 1,998.98 cr via a qualified institutions placement of equity shares. The Company had launched its QIP on June 7, 2021 and received 6.3x oversubscription. The QIP was priced at Rs 1430 per share, representing a discount of 0.23% to the SEBI floor price of Rs.1433.32. Several FIIs and DIIs participated in the QIP
Shriram Transport Finance share price: Shriram Transport Finance Company raises Rs 2000 cr via QIP. Board also approves Preferential Issue to Shriram Capital (Promoter) of Rs.500 cr. Shriram Transport Finance Limited (STFC) has successfully raised Rs. 1,998.98 cr via a qualified institutions placement of equity shares. The Company had launched its QIP on June 7, 2021 and received 6.3x oversubscription. The QIP was priced at Rs 1430 per share, representing a discount of 0.23% to the SEBI floor price of Rs.1433.32. Several FIIs and DIIs participated in the QIP.
The Book Running Lead Managers (BRLMs) to the issue were ICICI Securities Limited, J.P. Morgan India Private Limited, Axis Capital Limited, Citigroup Global Markets India Private Limited and HSBC Securities and Capital Markets (India) Private Limited.
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