Shalibhadra Finance inaugurates new branch at Amreli in Saurashtra

Shalibhadra Finance Limited (BSE Code - 511754, Mkt Cap - Rs. 403 Crores), a leading name in the financial services sector, is thrilled to announce the inauguration of its latest branch in the Amreli district of Saurashtra, Gujarat.

With this strategic expansion, Shalibhadra Finance now boasts 5 branches in Saurashtra and 22 branches in Gujarat as of May 6th, 2024. The company is committed to further fortifying its presence and enhancing customer outreach in the vibrant region of Saurashtra.

Having received a positive response from branches recently opened in Saurashtra, Shalibhadra Finance aims to blanket the entire region by the end of the current financial year. The company is poised to kickstart its offerings in Amreli with twowheeler finance, with plans to introduce a diverse array of financial products in due course.

Situated in the heart of Amreli, the newly established branch will cater to all 11 talukas of the district, serving a population of approximately 15 lakh residents. Although currently not connected to the main railway route, ongoing infrastructure developments are underway to link Amreli with key railway routes such as Mahuva and Botad. This anticipated connectivity enhancement is expected to fuel economic growth and development within the district.

Commenting on these milestones, Mr. Minesh Doshi, Managing Director said, "We are delighted to inaugurate our new branch in Amreli as this would be a step ahead to support our strategy of expanding geographical reach and bridge the financial inclusion gap. Amreli, known primarily for its agricultural prowess, aligns seamlessly with Shalibhadra Finance's expertise in catering to rural areas. The company looks forward to leveraging its strengths to empower the local community and contribute to the socio-economic advancement of the region."

Shares of SHALIBHADRA FINANCE LTD. was last trading in BSE at Rs. 576.35 as compared to the previous close of Rs. 585.00. The total number of shares traded during the day was 404 in over 16 trades.

The stock hit an intraday high of Rs. 589.90 and intraday low of 575.00. The net turnover during the day was Rs. 233667.00.

Source : Equity Bulls

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SHALIBHADRAFINANCE INE861D01011 NewBranch AmreliDistrict Saurashtra Gujarat