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Shriram Transport Finance Company Ltd allots 19,36,671 NCDs

Posted On: 2020-01-28 16:58:15

Shriram Transport Finance Company Ltd has allotted today 19,36,671 secured redeemable non-convertible debentures of face value of Rs. 1,000 each ('NCDs'), constituting the Tranche 2 NCDs offered by way of public issue in terms of the Tranche 2 Prospectus dated December 26, 2019 read with the shelf prospectus dated July 09, 2019 ('Prospectus'). The Company has also created security in favour of Catalyst Trusteeship Limited as per the terms of the Prospectus.

The said NCDs will be listed on the National Stock Exchange of India Limited and BSE Limited.

Shares of SHRIRAM TRANSPORT FINANCE CO.LTD. was last trading in BSE at Rs.1078.95 as compared to the previous close of Rs. 1081.75. The total number of shares traded during the day was 34361 in over 2138 trades.

The stock hit an intraday high of Rs. 1100 and intraday low of 1057.45. The net turnover during the day was Rs. 37006368.


Source: Equity Bulls

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