Page 2 - Shriram City Union Finance

Chennai-based NBFC Shriram City looks to disburse up to Rs 23K cr in FY22

Chennai-based non-banking finance company Shriram City Union Finance (Shriram City) is eyeing total disbursements of Rs 22,000-23,000 crore in the current financial year, a top company official said.

Shriram City, STFC raise Rs 2,000 cr through retail fixed deposits in Jul

Shriram City Union Finance and Shriram Transport Finance Company have raised record retail fixed deposits (FDs) worth Rs 2,000 crore in July 2021

Shriram Transport Finance, Shriram City merger plan still on cards: STFC MD

STFC is mainly into vehicle finance, specialising in funding second-hand trucks, while Shriram City Union is into consumer finance.

Shriram City Union Finance to infuse Rs 500 cr in Shriram Housing Fin

Mortgage financier Shriram Housing Finance (SHFL) Friday said its promoter Shriram City Union Finance will infuse Rs 500 crore in the company. Shriram City Union Finance (SCUF) has already invested Rs 200 crore and plans to infuse the remaining amount over the next two years, SHFL said on Friday. The board of Shriram City Union Finance has also approved an investment of up to Rs 500 crore into SHFL over the next two years, Rs 200 crore of which has been invested now, SHFL said in a release. The current infusion will increase SCUF's holding in SHFL to 81.16 per cent from the existing 77.25 per cent, it said. SHFL Managing Director and CEO Ravi Subramanian said the capital infusion will help the company expand its business and support growth plans for the next 12-15 months. We have had a great FY21 and with this capital at our disposal, we expect to ride out the second wave of the pandemic and come out stronger in FY2022, he said. With this investment, SHFL's net worth has increase

Shriram Housing Finance to raise Rs 400 crore equity capital in H1FY22

The capital will predominantly come from within Shriram group

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Shriram City Union Finance aims over Rs 6,000 cr disbursement in Q4

In December quarter, its disbursements grew 6.4 per cent year-on-year to Rs 6,197 crore from Rs 5,822 crore in the year-ago quarter

Shriram City Union Finance to raise up to Rs 200 cr through bonds

The bonds will be in the nature of secured, rated, listed, redeemable, principal protected market linked debentures (PP-MLD)

India Ratings takes 3 finance firms off rating watch negative list

MMFSL maintained sufficient liquidity buffers to make timely debt repayments, even when collections declined

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All that happened in the markets today

Shriram City Union Finance reports Q2 net profit down 10% at Rs 275 cr

Shriram City Union Finance on Monday reported a nearly 10 per cent fall in consolidated net profit at Rs 275.46 crore for the quarter ended September. The non-banking finance company had posted a net profit of Rs 304.94 crore in the same period a year ago. Sequentially, the net profit was up by 39 per cent from Rs 198.43 crore in first quarter of this fiscal. Total revenue from operations, however, fell to Rs 1,507.50 crore in the July-September period of 2020-21 from Rs 1,561.60 crore in same quarter of 2019-20, Shriram City Union Finance said in a regulatory filing. The assets under management (AUM) as of September 30, 2020 fell to Rs 27,537 crore from Rs 29,722 crore earlier. With business revival and upcoming festivals, a larger proportion of small and medium enterprises (SME) and gold AUM is expected to increase in the coming quarters, it said. Notwithstanding the cessation of moratorium on August 31, 2020, gross NPAs were sequentially lower at 6.67 per cent compared to 7.28

Shriram City Union standalone Apr-June qtr net profit at Rs 192.27 cr

Non Banking Finance Company Shriram City Union Finance reported standalone profits for the quarter ending June at Rs 192.27 crore

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All that happened in the markets today

Shriram Housing Finance raises Rs 680 cr from various lenders

Firm concludes its maiden PTC deal with ICICI Bank

Morgan Stanley sells most of its shares in Shriram City Union Finance

East Bridge Capital Master Fund increases its stake in the company by acquiring almost the same number of shares

Shriram City Union hits record high on strong Q2 results

The stock surged 9% to Rs 2,546 after the company posted 34% YoY growth in net profit at Rs 204 crore for Q2FY17.

Shriram City Union Finance Q2 profit up 34% at Rs 204.4 crore

The company's net profit stood at Rs 152.3 crore in the corresponding quarter of previous fiscal