Shriram Finance Ltd (BOM:511218)
₹ 2929.7 49 (1.7%) Market Cap: 1.10 Til Enterprise Value: 2.51 Til PE Ratio: 13.71 PB Ratio: 2.10 GF Score: 82/100
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Shriram Transport Finance Company Ltd to Discuss Merger with Shriram City Union Finance Ltd and Shriram Capital Ltd Call Transcript

Dec 13, 2021 / 12:30PM GMT
Release Date Price: ₹1476.25 (-1.76%)
Operator

Ladies and gentlemen, good day, and welcome to the Shriram Group Conference Call. We have with us today Mr. D.V. Ravi, Managing Director, Shriram Capital; Mr. Umesh Revankar, Vice Chairman and MD, Shriram Transport, Mr. Y.S. Chakravarti, MD and CEO, Shriram City Union Finance. (Operator Instructions) I would now like to hand the conference over to Mr. Umesh Revankar, Vice Chairman and MD, Shriram Transport. Thank you, and over to you.

Umesh Govind Revankar
Shriram Transport Finance Company Limited - Vice Chairman & MD

Yes. Thank you. Good evening all. Good morning to the people who have joined from Europe and the U.S. Today, we have very important announcement to make. And today is a very momentous day in the history of Shriram Group.

Earlier today, in the afternoon, the Boards of Shriram Transport Finance, Shriram City Union Finance and Shriram Capital met wherein they unanimously approved a proposal to merge 3 companies, paving a way for creating what would be largest retail NBFC in the country. In this composite scheme, Shriram Capital Limited,

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