Investment8 Apr 2026, 10:39 am
Shriram Finance Ltd Approves Allotment of 47,11,21,055 Equity Shares to MUFG Bank Ltd at Rs.840.93 Each
AI Summary
Shriram Finance Ltd has approved the allotment of 47,11,21,055 fully paid-up Equity Shares of face value of Rs.2/- each at an issue price of Rs.840.93 (including a premium of Rs.838.93) per equity share to MUFG Bank Ltd. This allotment is part of a private placement and is in accordance with the Investment Agreement dated December 19, 2025. The total consideration for this allotment is Rs.3,96,17,98,28,781.15. The Equity Shares allotted 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 aforesaid preferential issuance of Equity Shares.
Key Highlights
- Shriram Finance Ltd approved the allotment of 47,11,21,055 Equity Shares to MUFG Bank Ltd.
- The allotment is at an issue price of Rs.840.93 per equity share, including a premium of Rs.838.93.
- The total consideration for the allotment is Rs.3,96,17,98,28,781.15.
- The Equity Shares allotted 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 aforesaid preferential issuance of Equity Shares.