Shriram Finance Allots Equity Shares to MUFG Bank Ltd Through Preferential Issue
Shriram Finance Ltd has approved the allotment of Equity Shares to MUFG Bank Ltd through a preferential issue on a private placement basis. The approval was granted by the Company's Board of Directors during a meeting held on April 8, 2026.The Board approved the issuance of 47,11,21,055 fully paid-up Equity Shares. These shares have a face value of Rs.2/- each and were allotted at an issue price of Rs.840.93 per equity share. The allotment includes a premium of Rs.838.93 per equity share.
The total aggregate consideration for this preferential issue amounts to Rs.3,96,17,98,28,781.15.
The allotted Equity Shares to MUFG Bank Ltd shall rank paripassu with the Company's existing equity shares.
The Company also reported the increase in its paid-up equity share capital following the allotment. Previously, the paid-up equity share capital stood at Rs.3,76,31,30,742/-, comprising 188,15,65,371 Equity Shares of Rs.2/- each fully paid up. After the allotment, the paid-up equity share capital increased to Rs.4,70,53,72,852/-, comprising 235,26,86,426 Equity Shares of Rs.2/- each fully paid up.
The table below summarizes the details regarding the share allotment:
| Particulars | Details |
|---|---|
| Type of securities proposed to be issued | Equity Shares of face value of Rs.2/- each fully paid-up ('Equity Shares ') |
| Type of issuance | Preferential Issue on a private placement basis |
| Total securities proposed to be issued | 47,11,21,055 fully paid-up Equity Shares at an issue price of Rs.840.93 per equity share for an aggregate consideration of Rs.3,96,17,98,28,781.15 |
| Name of Investor | MUFG Bank Ltd. |
In the context of shareholding, MUFG Bank Ltd. was allotted 47,11,21,055 Equity Shares, representing 20.00% of the post issue shareholding on a fully diluted basis.
The Company confirmed that it has received in-principle approval from the National Stock Exchange of India Limited and BSE Limited for the aforementioned preferential issuance of Equity Shares.
SHRIRAMFIN Stock Price Movement
Shares of Shriram Finance Limited are edging higher to ₹1018.2 as of 10:40 AM today, rallying 9.41% in live trading. The equity sees significant investor interest, posting a total traded volume of 7.08 million shares.Source:
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