[Investors Please Listen] Shriram Transport Finance Company’s Rs 1,000-crore non-convertible debenture issue has been subscribed 4.5 times.

July 28 Shriram Transport Finance Company's Rs 1,000-crore non-convertible debenture issue has been subscribed 4.5 times.

The issue opened on Tuesday. By evening, the company had received subscriptions worth Rs 4,500 crore, according to sources.

The issue was for raising Rs 500 crore, with a (greenshoe) option of retaining an additional Rs 500 crore.

It is learnt that only the portion earmarked for retail investors, of Rs 200 crore, was not fully subscribed. However, the issue is open until August 14.

Options

The company has the option of making good any shortfall in retail subscription from the oversubscriptions for the qualified instructional placements and high net worth individual portions.

Shares of the company on Tuesday closed trading at Rs 299 on the BSE after losing 1.08 per cent from the previous close.

Published by Hindu Business Line

--~--~---------~--~----~------------~-------~--~----~
Safe Harbor:
The information contained and provided on this Website provides Investment advice for the education of investors. The posts are an information service only. Recommendations, opinions or suggestions are given with the understanding that readers acting on this information assume all risks involved. We do not assume any responsibility or liability resulting from the use of such information, judgment and opinions for Trading or Investment purposes.

You received this message because you are subscribed to the Google Groups "Investors Please Listen !" group.
To post to this group, send email to investorspleaselisten@googlegroups.com
To unsubscribe from this group, send email to
investorspleaselisten+unsubscribe@googlegroups.com For more options, visit this group at http://groups.google.com/group/investorspleaselisten?hl=en
-~----------~----~----~----~------~----~------~--~---