Shriram Finance Ltd
20 Dec 2024 12:00 AM
Shriram Finance consolidates its green finance business under Shriram Green Finance,
Shriram Finance has strengthened its commitment to green financing by consolidating all its green financing initiatives under Shriram Green Finance, dedicated to funding initiatives beyond electric vehicles. This marks a significant step towards accelerating sustainable initiatives and fostering environmentally responsible growth by expanding the scope of funding opportunities. Building on its existing expertise in financing electric vehicles, Shriram green finance will provide sharper focus and clarity to its sustainability efforts.Shriram Green Finance, consolidates the green finance business with a vision to build a robust green finance portfolio through financing EVs, battery charging stations, renewable energy products and solutions, energy efficient machinery, etc. By leveraging its extensive customer base, particularly in semi-urban and rural areas, Shriram Finance has the potential to play a transformative role in green financing. The company has set a target to achieve an Asset Under Management (AUM) of ₹5,000 crores for this vertical over the next 3-4 years.Powered by Capital Market - Live News
Shriram Finance Ltd
18 Dec 2024 12:00 AM
Shriram Finance raises USD 1.277 billion through multi-currency syndicated loan,
Shriram Finance (SFL) has reached a historic milestone by successfully raising USD 1.277 billion equivalent in multiple currencies, including USD, EUR, and AED, through a notable External Commercial Borrowing (ECB) loan transaction. This landmark deal, executed in partnership with 12 leading banks, including prominent development institutions such as the International Finance Corporation, features tenors of up to five years. Not only does this transaction represent the largest syndicated ECB loan ever secured by an Indian private non-banking financial company (NBFC), but it also highlights Shriram Finance`s leadership in accessing global capital markets and setting new standards in international fundraising.The proceeds from this Social Loan will be deployed to empower small entrepreneurs and support vulnerable groups across India, in line with SFL`s mission of fostering inclusive growth.Powered by Capital Market - Live News
Shriram Finance Ltd
10 Dec 2024 12:00 AM
Shriram Finance acquires further stake in Shriram Housing Finance,
Shriram Finance has been allotted 3,15,60,000 equity shares of Shriram Housing Finance on conversion of 40,000 unrated, unlisted, unsecured, compulsorily convertible debentures. Upon such conversion, the company`s equity shareholding in Shriram Housing Finance has increased from 27,65,51,112 equity shares (83.76%) to 30,81,11,112 equity shares (84.44%).Powered by Capital Market - Live News
Shriram Finance Ltd
09 Dec 2024 12:00 AM
Shriram Finance allots 25,542 equity shares under ESOS,
Shriram Finance has allotted 25,542 equity shares under ESOS on 09 December 2024. Pursuant to allotment of the equity shares, the paid-up share capital of the Company stands increased from Rs.376,03,32,350/- to Rs.376,05,87,770/-.Powered by Capital Market - Live News
Shriram Finance Ltd
03 Dec 2024 12:00 AM
Shriram Finance announces cessation of director,
Shriram Finance announced that Maya S Sinha (DIN 03056226) is completing her term as Non-Executive Independent Director of the Company and consequently will cease to be Director of the Company with effect from 04 December 2024. Powered by Capital Market - Live News
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