The Board of Shriram Finance at its meeting held on 13 May 2024 has approved the proposal for disinvestment/ sale/ transfer of the Company`s entire stake in Shriram Housing Finance (SHFL), high value debt-listed non-material subsidiary of the Company (Proposed Transaction); and the draft of the share purchase agreement to be executed, among the Company as Seller 1, Valiant Mauritius Partners FDI (Seller 2), SHFL and Mango Crest Investment (an affiliate of Warburg Pincus) (Purchaser) (Share Purchase Agreement), for undertaking the Proposed Transaction.Pursuant to execution of the Share Purchase Agreement and transfer of shares held by the Company in SHFL, subject to the receipt of requisite approvals from regulatory authorities and fulfilment of other customary conditions, as per the terms and conditions specified in the Share Purchase Agreement and other ancillary agreements, SHFL shall cease to be a subsidiary of the Company. Powered by Capital Market - Live News

Shriram Finance has allotted 7,500 senior, secured, rated, listed, redeemable, taxable non convertible debentures (NCD) of Rs 1 lakh each aggregating to Rs 75 crore on private placement basis on 08 May 2024. Powered by Capital Market - Live News

Shriram Finance has allotted 33,500 senior, secured, rated, listed, redeemable, taxable non-convertible debentures (NCD) of face value of Rs 1 lakh each aggregating to Rs 335 crore on private placement basis on 02 May 2024. Powered by Capital Market - Live News

Shriram Finance announced that the 45th Annual General Meeting (AGM) of the company will be held on 30 July 2024.Powered by Capital Market - Live News

Net profit of Shriram Finance rose 56.30% to Rs 2008.80 crore in the quarter ended March 2024 as against Rs 1285.19 crore during the previous quarter ended March 2023. Sales rose 24.33% to Rs 9904.30 crore in the quarter ended March 2024 as against Rs 7966.45 crore during the previous quarter ended March 2023.For the full year,net profit rose 22.55% to Rs 7366.38 crore in the year ended March 2024 as against Rs 6011.04 crore during the previous year ended March 2023. Sales rose 19.37% to Rs 36379.52 crore in the year ended March 2024 as against Rs 30476.78 crore during the previous year ended March 2023. ParticularsQuarter EndedYear Ended�Mar. 2024Mar. 2023% Var.Mar. 2024Mar. 2023% Var. Sales9904.307966.45 24 36379.5230476.78 19 OPM %71.5470.62 -71.5771.25 - PBDT2901.962277.83 27 10547.778814.41 20 PBT2742.851850.74 48 9960.178213.72 21 NP2008.801285.19 56 7366.386011.04 23 Powered by Capital Market - Live News