Shareholding17 Apr 2026, 05:31 pm
Shriram Finance Promoters Encumber 20.30% Stake for MUFG Bank
AI Summary
Shriram Finance Ltd. promoters have disclosed the creation of encumbrance on approximately 20.30% of the company's total share capital. This encumbrance, dated April 8, 2026, is in favor of MUFG Bank Ltd. and involves contractual restrictions on the transfer of shares. The affected promoter group entities include Shriram Capital Private Limited (14.27%), Shriram Value Services Limited (5.69%), Sanlam Life Insurance Limited (0.33%), and Shriram Ownership Trust (0.01%). This action is pursuant to a shareholders agreement executed between various promoter group entities and MUFG Bank Ltd., indicating a strategic arrangement or financing related to the shareholding.
Key Highlights
- Shriram Finance promoters encumbered 20.30% of company shares.
- Encumbrance created on April 8, 2026, in favor of MUFG Bank Ltd.
- This involves contractual transfer restrictions via a shareholders agreement.
- Major contributors are Shriram Capital (14.27%) and Shriram Value Services (5.69%).