Investment10 April 2026 at 11:31 am
Shriram Finance gets approval for 47.11 Cr shares listing
AI Summary
Shriram Finance Ltd. has received listing and trading approval from both the National Stock Exchange of India Limited (NSE) and BSE Limited (BSE) for 47,11,21,055 equity shares. These shares were issued to MUFG Bank Ltd. on a preferential basis through a private placement. Each share, with a face value of ₹2, was issued at a premium of ₹838.93. The allotment was initially approved by the Board on April 8, 2026, and the listing approval was granted on April 10, 2026. The newly allotted equity shares will commence trading on NSE and BSE from April 13, 2026, and will be subject to a lock-in restriction until October 13, 2026, as per SEBI regulations.
Key Highlights
- Shriram Finance secured listing approval for 47.11 crore equity shares.
- Shares were preferentially allotted to MUFG Bank Ltd. at ₹840.93 each.
- New shares will be listed on NSE and BSE from April 13, 2026.
- A six-month lock-in period applies until October 13, 2026.
- This completes the capital raise process from MUFG Bank Ltd.