Shriram Transport names QIP lead managers
STFC, one of the largest asset financing NBFC in the country, which has been largely focusing on used vehicles as well as light commercial vehicles, is coming out with this issue to shore up its capital for maintaining its capital adequacy ratio.
By ET Bureau |
Commercial vehicle financier Shriram Transport Finance Company (STFC), which plans to raise Rs 1,000 crore through a qualified public placement (QIP), is learnt to have appointed Citigroup Global Markets India, IDFC-SSKI and Bank of America Merrill Lynch to manage the issue.
STFC, one of the largest asset financing NBFC in the country, which has been largely focusing on used vehicles as well as light commercial vehicles, is coming out with this issue to shore up its capital for maintaining its capital adequacy ratio.
On Wednesday, the stock closed at Rs 456, down 2.63% over the previous day.
Contributed by Vijay Gurav, Reena Zachariah & Apurv Gupta
STFC, one of the largest asset financing NBFC in the country, which has been largely focusing on used vehicles as well as light commercial vehicles, is coming out with this issue to shore up its capital for maintaining its capital adequacy ratio.
On Wednesday, the stock closed at Rs 456, down 2.63% over the previous day.
Contributed by Vijay Gurav, Reena Zachariah & Apurv Gupta
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