Shriram Asset Management Company Ltd allots 35 lakh RNCPS

The Securities Issue Committee of Shriram Asset Management Company Ltd at its meeting held on January 01, 2018 has allotted 35,00,000 (Thirty Five Lacs) 'Redeemable Non-Convertible Preference Shares' (RNCPS) of face value of Rs.100/- (Rupees One Hundred Only) each aggregating to Rs.35,00,00,000/- (Rs. Thirty Five Crores Only) to following entities:

Shriram Credit Company Limited - 20,00,000- No of RNCPS amounting to Rs.20,00,00,000/-

Shriram Financial Products Solutions (Chennai) Private Limited - 15,00,000 No of RNCPS amounting to Rs.15,00,00,000/-.

These RNCPS are unlisted.

Shares of SHRIRAM ASSET MANAGEMENT CO.LTD. was last trading in BSE at Rs.103.35 as compared to the previous close of Rs. 100.05. The total number of shares traded during the day was 913 in over 9 trades.

The stock hit an intraday high of Rs. 103.35 and intraday low of 103.35. The net turnover during the day was Rs. 94358.

Source : Equity Bulls

Keywords