Investment8 April 2026 at 05:15 am
Shriram Finance Ltd. Approves Allotment of Equity Shares to MUFG Bank Ltd. for Rs.3,96,17,98,28,781.15
AI Summary
Shriram Finance Ltd. has approved the allotment of 47,11,21,055 Equity Shares to MUFG Bank Ltd. at an issue price of Rs.840.93 per equity share, including a premium of Rs.838.93 per equity share. The total consideration for the shares is Rs.3,96,17,98,28,781.15. The shares will rank pari-passu with the existing equity shares of the company. The company has received in-principle approval from the National Stock Exchange of India Limited and BSE Limited for the preferential issuance of Equity Shares. The application for listing and trading approval of the Stock Exchanges for the Equity Shares allotted will be made in due course.
Key Highlights
- Shriram Finance Ltd. has approved the allotment of 47,11,21,055 Equity Shares to MUFG Bank Ltd.
- The total consideration for the shares is Rs.3,96,17,98,28,781.15.
- The shares will rank pari-passu with the existing equity shares of the company.
- The company has received in-principle approval from the National Stock Exchange of India Limited and BSE Limited for the preferential issuance of Equity Shares.
- The application for listing and trading approval of the Stock Exchanges for the Equity Shares allotted will be made in due course.