Original disclosure @ IFC website
Updated in EWS Mar 11, 2019
Disclosed by Bank Feb 25, 2019
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According to IFC, "The proposed project envisages a rupee denominated investment into securitized assets of Shriram Transport Finance Company Limited (“STFC” or the “Company”) of US$200 million equivalent. Of the proposed amount, the intention is that 50% of the investment will be achieved through mobilization. The proceeds of the proposed project will help the Company meet its funding requirements and allow it to continue grow its reach to micro, small and medium enterprise (MSME), particularly in the low-income states(LIS) and rural regions of India."
According to IFC, the shareholding structure of STFC as of December 31, 2018 is as follows: Shriram Capital Limited (26.08%), Piramal Enterprises Limited (9.96%), Sanlam Life Insurance Limited (2.98%), public (10.20%), mutual funds/banks (4.46%) and foreign institutional investors/foreign portfolio investors (46.32%).
Shriram Transport Finance Company Limited
Senior Vice President
3rd Floor, Wockhardt Towers, West Wing, G-Block, Bandra-Kurla Complex, Bandra (East), Mumbai-400051
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