Stock roundup: Shriram Transport, Onelife Capital Advisor and IDFC

SHRIRAM TRANSPORT
The company's shares shot up 9.16% to Rs 488.15 after the promoter group Shriram Capital increased its stake by acquiring over 17 lakh shares from open market.

Shriram Capital now holds 2.4% stake in STFC, however Shriram Capital holds 50.17% in unlisted Shriram Holding Madras, which is STFC promoter with a 41.27% stake. Last month, the STFC board approved the proposal of merging Shriram Holding with itself subject to approval.

ONELIFE CAPITAL ADVISOR
One of the independent director of the best-performing IPO of the year 2011, Onelife Capital Advisor Tushar Shridharani has resigned from the directorship of the company with effect from December 29, 2011, the company said.

Sebi had barred Shridharani along with the other directors from buying, selling and dealing with the securities of the company till further notice. The stock which was listed on October 17, 2011 at Rs 115 rose 170% to Rs 309.35 within 19 days of listing.

IDFC
Infrastructure Development Finance's stock spurted 3.13% to Rs 100.50 after it announced raising up to Rs 4,400 crore by launching second tranche of tax-saving infrabonds.