Shriram Finance
New to Zerodha? Sign-up for free.
New to Zerodha? Sign-up for free.
Get instant stock alerts
- Share Price
- Financials
- Revenue mix
- Shareholdings
- Peers
- Forensics
Share Price
Coming soon
- 5D
- 1M
- 6M
- YTD
- 1Y
- 5Y
- MAX
Financials
-
Summary
-
Profit & Loss
-
Balance sheet
-
Cashflow
This data is currently unavailable for this company.
| (In Cr.) |
|---|
| (In Cr.) | ||||
|---|---|---|---|---|
|
This data is currently unavailable for this company. |
| (In %) |
|---|
| (In Cr.) |
|---|
| Financial Year (In Cr.) |
|---|
Revenue mix
-
Product wise
-
Location wise
Revenue Mix
This data is currently unavailable for this company.
Revenue Mix
This data is currently unavailable for this company.
Forensics
Recent events
-
News
-
Corporate Actions
Sept 16 (Reuters) - Shriram Finance Limited SHMF.NS:
TO CONSIDER PROPOSAL TO BUYBACK OF ITS DEBT SECURITIES
Further company coverage: SHMF.NS
(([email protected];;))
Sept 16 (Reuters) - Shriram Finance Limited SHMF.NS:
TO CONSIDER PROPOSAL TO BUYBACK OF ITS DEBT SECURITIES
Further company coverage: SHMF.NS
(([email protected];;))
MUMBAI, Sept 8 (Reuters) - India's Shriram Finance SHMF.NS has accepted bids worth 22 billion rupees ($232.09 million) for the reissue of 7.80% September 2029 bonds, three merchant bankers said on Tuesday.
The company will offer a yield of 7.85% on this issue and had invited bids earlier in the day, they said.
Shriram Finance did not reply to a Reuters email seeking comment.
Here is the list of deals reported so far on September 8:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Shriram Finance Sept 2029 reissue | 3 years | 7.85 (yield) | 22 | September 9 | AAA (Care, Icra) |
Vertis Infra Trust | 6 years | 7.63 (quarterly) | 14.25 | September 9 | AAA (Crisil) |
Bajaj Finance | 3 years and 6 months | 8.09 (yield) | 20.50 | September 7 | AAA (Crisil) |
Larsen & Toubro | 3 years | 7.40 | 5 | September 9 | AAA (Crisil, India Ratings) |
*Size includes base plus greenshoe for some issues
($1 = 94.7900 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Sonia Cheema)
MUMBAI, Sept 8 (Reuters) - India's Shriram Finance SHMF.NS has accepted bids worth 22 billion rupees ($232.09 million) for the reissue of 7.80% September 2029 bonds, three merchant bankers said on Tuesday.
The company will offer a yield of 7.85% on this issue and had invited bids earlier in the day, they said.
Shriram Finance did not reply to a Reuters email seeking comment.
Here is the list of deals reported so far on September 8:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Shriram Finance Sept 2029 reissue | 3 years | 7.85 (yield) | 22 | September 9 | AAA (Care, Icra) |
Vertis Infra Trust | 6 years | 7.63 (quarterly) | 14.25 | September 9 | AAA (Crisil) |
Bajaj Finance | 3 years and 6 months | 8.09 (yield) | 20.50 | September 7 | AAA (Crisil) |
Larsen & Toubro | 3 years | 7.40 | 5 | September 9 | AAA (Crisil, India Ratings) |
*Size includes base plus greenshoe for some issues
($1 = 94.7900 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Sonia Cheema)
MUMBAI, Sept 7 (Reuters) - India's Shriram Finance SHMF.NS plans to raise 30 billion rupees ($317.75 million), which includes a greenshoe option of 20 billion rupees, through reissue of 7.80% September 2029 bonds, three merchant bankers said on Monday.
The company will offer a yield of 7.85% on this issue and has invited bids on Tuesday, they said.
The company did not reply to a Reuters email seeking comment.
Here is the list of deals reported so far on September 7:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Shriram Finance | 3 years | 7.85 (yield) | 10+20 | September 8 | AAA (Care, Icra) |
Bajaj Housing | 5 years | 8.10 (yield) | 5+15 | September 7 | AAA (Crisil, India Ratings) |
*Size includes base plus greenshoe for some issues
($1 = 94.4150 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Sonia Cheema)
MUMBAI, Sept 7 (Reuters) - India's Shriram Finance SHMF.NS plans to raise 30 billion rupees ($317.75 million), which includes a greenshoe option of 20 billion rupees, through reissue of 7.80% September 2029 bonds, three merchant bankers said on Monday.
The company will offer a yield of 7.85% on this issue and has invited bids on Tuesday, they said.
The company did not reply to a Reuters email seeking comment.
Here is the list of deals reported so far on September 7:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Shriram Finance | 3 years | 7.85 (yield) | 10+20 | September 8 | AAA (Care, Icra) |
Bajaj Housing | 5 years | 8.10 (yield) | 5+15 | September 7 | AAA (Crisil, India Ratings) |
*Size includes base plus greenshoe for some issues
($1 = 94.4150 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Sonia Cheema)
Shriram Finance scheduled five group meetings with funds and institutional investors in Mumbai on 19 August at Motilal Oswal's 22nd Annual Global Investor Conference. The listed participants included Millennium Partners, Abakkus Asset Managers, Old Bridge Capital Management and Blackrock Asset Management, alongside domestic and international funds, insurers and wealth managers. The discussions were to be based on the company's investor presentation and public-domain disclosures. The lender's AUM stood at ₹3.14tn in the June quarter, up 15.3% from a year earlier.
Powered by Tijori
Shriram Finance scheduled five group meetings with funds and institutional investors in Mumbai on 19 August at Motilal Oswal's 22nd Annual Global Investor Conference. The listed participants included Millennium Partners, Abakkus Asset Managers, Old Bridge Capital Management and Blackrock Asset Management, alongside domestic and international funds, insurers and wealth managers. The discussions were to be based on the company's investor presentation and public-domain disclosures. The lender's AUM stood at ₹3.14tn in the June quarter, up 15.3% from a year earlier.
Powered by Tijori
Repeats for wider distribution
By Nishit Navin and Jayshree P Upadhyay
Aug 12 (Reuters) - Bank of America BAC.N will acquire as much as a 49.9% stake in the non-bank lending arm of Jio Financial Services JIOF.NS in a 182.68 billion rupee ($1.92 billion) deal, as the U.S. lender expands its presence in India's fast-growing financial sector.
The deal extends a recent run of large foreign investments in Indian banks and non-bank lenders, which are seeing a strong demand for credit and low loan delinquency rates.
Recent deals include Japan's MUFG 8306.T investment in Shriram Finance SHMF.NS, Dubai-based bank Emirates NBD's ENBD.DU 60% stake purchase in RBL Bank RATB.NS and Sumitomo Mitsui Financial Group's investment in Yes Bank YESB.NS.
Bank of America will become a joint venture partner in non-banking finance company Jio Credit through a preferential allotment of equity shares and warrants, the two companies said on Wednesday.
ACCESS TO A FAST-GROWING MARKET
The transaction, which values Jio Credit at around $3.8 billion according to a Reuters calculation, initially gives BofA a 26.5% stake, with its holding potentially rising to 49.9% after the exercise of the warrants.
Jio Credit will issue shares worth up to 66.13 billion rupees and warrants worth up to 116.55 billion rupees to BofA as part of the deal.
"By combining Jio Financial Services' scale, local expertise and customer base with Bank of America's global reach, digital experience and close to 250 years of leadership in banking, we can help expand access to financial services and support India’s continued economic growth," BofA CEO Brian Moynihan said.
Jio Credit is among India's fastest-growing NBFCs, with assets under management of more than $3 billion as of June-end, within just two years of operations.
The investment offers Jio Credit capital to support its growth while getting the expertise of a global financial firm, Bank of America said.
Non-bank credit in India is growing at a rapid pace of over 14% across segments like personal loans, gold loans and small-business credit.
JIO FINANCIAL's JV STRATEGY
Jio Financial, which listed in 2023 after a demerger from Indian billionaire Mukesh Ambani's Reliance Industries RELI.NS, operates businesses such as digital lending, payments, insurance broking and asset management services.
The company has chosen to forge joint ventures with global firms across a number of its business lines. It offers asset and wealth management services through its joint ventures with BlackRock. It has also entered a JV with Germany's Allianz to offer general and health insurance.
($1 = 95.3300 Indian rupees)
(Reporting by Nishit Navin in Bengaluru; Editing by Abinaya V, Maju Samuel and Arun Koyyur)
(([email protected];))
Repeats for wider distribution
By Nishit Navin and Jayshree P Upadhyay
Aug 12 (Reuters) - Bank of America BAC.N will acquire as much as a 49.9% stake in the non-bank lending arm of Jio Financial Services JIOF.NS in a 182.68 billion rupee ($1.92 billion) deal, as the U.S. lender expands its presence in India's fast-growing financial sector.
The deal extends a recent run of large foreign investments in Indian banks and non-bank lenders, which are seeing a strong demand for credit and low loan delinquency rates.
Recent deals include Japan's MUFG 8306.T investment in Shriram Finance SHMF.NS, Dubai-based bank Emirates NBD's ENBD.DU 60% stake purchase in RBL Bank RATB.NS and Sumitomo Mitsui Financial Group's investment in Yes Bank YESB.NS.
Bank of America will become a joint venture partner in non-banking finance company Jio Credit through a preferential allotment of equity shares and warrants, the two companies said on Wednesday.
ACCESS TO A FAST-GROWING MARKET
The transaction, which values Jio Credit at around $3.8 billion according to a Reuters calculation, initially gives BofA a 26.5% stake, with its holding potentially rising to 49.9% after the exercise of the warrants.
Jio Credit will issue shares worth up to 66.13 billion rupees and warrants worth up to 116.55 billion rupees to BofA as part of the deal.
"By combining Jio Financial Services' scale, local expertise and customer base with Bank of America's global reach, digital experience and close to 250 years of leadership in banking, we can help expand access to financial services and support India’s continued economic growth," BofA CEO Brian Moynihan said.
Jio Credit is among India's fastest-growing NBFCs, with assets under management of more than $3 billion as of June-end, within just two years of operations.
The investment offers Jio Credit capital to support its growth while getting the expertise of a global financial firm, Bank of America said.
Non-bank credit in India is growing at a rapid pace of over 14% across segments like personal loans, gold loans and small-business credit.
JIO FINANCIAL's JV STRATEGY
Jio Financial, which listed in 2023 after a demerger from Indian billionaire Mukesh Ambani's Reliance Industries RELI.NS, operates businesses such as digital lending, payments, insurance broking and asset management services.
The company has chosen to forge joint ventures with global firms across a number of its business lines. It offers asset and wealth management services through its joint ventures with BlackRock. It has also entered a JV with Germany's Allianz to offer general and health insurance.
($1 = 95.3300 Indian rupees)
(Reporting by Nishit Navin in Bengaluru; Editing by Abinaya V, Maju Samuel and Arun Koyyur)
(([email protected];))
Shriram Finance scheduled group meetings with investment funds at the Ambit-Daiwa India Access event in Singapore. Participants listed included Millennium Capital, Allianz Global Investors, Balyasny Asset Management, HSBC Global Asset Management and Capital Research Global Investors, alongside other institutions. Senior management was due to attend, and discussions were to be based on the company’s investor presentation and public-domain disclosures. The lender had AUM of ₹3.14tn in Q1 FY27, with commercial vehicles accounting for about 47% of the book.
Powered by Tijori
Shriram Finance scheduled group meetings with investment funds at the Ambit-Daiwa India Access event in Singapore. Participants listed included Millennium Capital, Allianz Global Investors, Balyasny Asset Management, HSBC Global Asset Management and Capital Research Global Investors, alongside other institutions. Senior management was due to attend, and discussions were to be based on the company’s investor presentation and public-domain disclosures. The lender had AUM of ₹3.14tn in Q1 FY27, with commercial vehicles accounting for about 47% of the book.
Powered by Tijori
Adds context and transaction details throughout
By Nishit Navin and Jayshree P Upadhyay
Aug 12 (Reuters) - Bank of America BAC.N will acquire as much as a 49.9% stake in the non-bank lending arm of Jio Financial Services JIOF.NS in a 182.68 billion rupee ($1.92 billion) deal, as the U.S. lender expands its presence in India's fast-growing financial sector.
The deal extends a recent run of large foreign investments in Indian banks and non-bank lenders, which are seeing a strong demand for credit and low loan delinquency rates.
Recent deals include Japan's MUFG 8306.T investment in Shriram Finance SHMF.NS, Dubai-based bank Emirates NBD's ENBD.DU 60% stake purchase in RBL Bank RATB.NS and Sumitomo Mitsui Financial Group's investment in Yes Bank YESB.NS.
Bank of America will become a joint venture partner in non-banking finance company Jio Credit through a preferential allotment of equity shares and warrants, the two companies said on Wednesday.
ACCESS TO A FAST-GROWING MARKET
The transaction, which values Jio Credit at around $3.8 billion according to a Reuters calculation, initially gives BofA a 26.5% stake, with its holding potentially rising to 49.9% after the exercise of the warrants.
Jio Credit will issue shares worth up to 66.13 billion rupees and warrants worth up to 116.55 billion rupees to BofA as part of the deal.
"By combining Jio Financial Services' scale, local expertise and customer base with Bank of America's global reach, digital experience and close to 250 years of leadership in banking, we can help expand access to financial services and support India’s continued economic growth," BofA CEO Brian Moynihan said.
Jio Credit is among India's fastest-growing NBFCs, with assets under management of more than $3 billion as of June-end, within just two years of operations.
The investment offers Jio Credit capital to support its growth while getting the expertise of a global financial firm, Bank of America said.
Non-bank credit in India is growing at a rapid pace of over 14% across segments like personal loans, gold loans and small-business credit.
JIO FINANCIAL's JV STRATEGY
Jio Financial, which listed in 2023 after a demerger from Indian billionaire Mukesh Ambani's Reliance Industries RELI.NS, operates businesses such as digital lending, payments, insurance broking and asset management services.
The company has chosen to forge joint ventures with global firms across a number of its business lines. It offers asset and wealth management services through its joint ventures with BlackRock. It has also entered a JV with Germany's Allianz to offer general and health insurance.
($1 = 95.3300 Indian rupees)
(Reporting by Nishit Navin in Bengaluru; Editing by Abinaya V, Maju Samuel and Arun Koyyur)
(([email protected];))
Adds context and transaction details throughout
By Nishit Navin and Jayshree P Upadhyay
Aug 12 (Reuters) - Bank of America BAC.N will acquire as much as a 49.9% stake in the non-bank lending arm of Jio Financial Services JIOF.NS in a 182.68 billion rupee ($1.92 billion) deal, as the U.S. lender expands its presence in India's fast-growing financial sector.
The deal extends a recent run of large foreign investments in Indian banks and non-bank lenders, which are seeing a strong demand for credit and low loan delinquency rates.
Recent deals include Japan's MUFG 8306.T investment in Shriram Finance SHMF.NS, Dubai-based bank Emirates NBD's ENBD.DU 60% stake purchase in RBL Bank RATB.NS and Sumitomo Mitsui Financial Group's investment in Yes Bank YESB.NS.
Bank of America will become a joint venture partner in non-banking finance company Jio Credit through a preferential allotment of equity shares and warrants, the two companies said on Wednesday.
ACCESS TO A FAST-GROWING MARKET
The transaction, which values Jio Credit at around $3.8 billion according to a Reuters calculation, initially gives BofA a 26.5% stake, with its holding potentially rising to 49.9% after the exercise of the warrants.
Jio Credit will issue shares worth up to 66.13 billion rupees and warrants worth up to 116.55 billion rupees to BofA as part of the deal.
"By combining Jio Financial Services' scale, local expertise and customer base with Bank of America's global reach, digital experience and close to 250 years of leadership in banking, we can help expand access to financial services and support India’s continued economic growth," BofA CEO Brian Moynihan said.
Jio Credit is among India's fastest-growing NBFCs, with assets under management of more than $3 billion as of June-end, within just two years of operations.
The investment offers Jio Credit capital to support its growth while getting the expertise of a global financial firm, Bank of America said.
Non-bank credit in India is growing at a rapid pace of over 14% across segments like personal loans, gold loans and small-business credit.
JIO FINANCIAL's JV STRATEGY
Jio Financial, which listed in 2023 after a demerger from Indian billionaire Mukesh Ambani's Reliance Industries RELI.NS, operates businesses such as digital lending, payments, insurance broking and asset management services.
The company has chosen to forge joint ventures with global firms across a number of its business lines. It offers asset and wealth management services through its joint ventures with BlackRock. It has also entered a JV with Germany's Allianz to offer general and health insurance.
($1 = 95.3300 Indian rupees)
(Reporting by Nishit Navin in Bengaluru; Editing by Abinaya V, Maju Samuel and Arun Koyyur)
(([email protected];))
Shriram Finance scheduled a group meeting with funds and institutional investors for 13 August at the Equirus India Growth Summit in Mumbai. Millennium Partners was among the named participants, alongside mutual funds, insurers and portfolio managers including UTI Mutual Fund, ICICI Prudential Life and DSP Mutual Fund. The session was set for 3pm to 4pm and was to be attended by senior management, with discussion based on public disclosures and the investor presentation. Shriram Finance had ₹3.14tn of assets under management and ₹3,445 crore of profit after tax in the June quarter.
Powered by Tijori
Shriram Finance scheduled a group meeting with funds and institutional investors for 13 August at the Equirus India Growth Summit in Mumbai. Millennium Partners was among the named participants, alongside mutual funds, insurers and portfolio managers including UTI Mutual Fund, ICICI Prudential Life and DSP Mutual Fund. The session was set for 3pm to 4pm and was to be attended by senior management, with discussion based on public disclosures and the investor presentation. Shriram Finance had ₹3.14tn of assets under management and ₹3,445 crore of profit after tax in the June quarter.
Powered by Tijori
Shriram Finance scheduled a group meeting with funds and institutional investors at Emkay Confluence 2026: Full Throttle Ahead in Mumbai on August 12. The 2pm-3pm session was due to include Axis Mutual Fund, HSBC Asset Management, ICICI Prudential AMC, SBI Funds Management, White Oak Capital and Motilal Oswal AIF, among others. Discussions were to be based on the company's investor presentation and public-domain disclosures. Shriram Finance had reported June-quarter AUM of ₹3.14 trillion, net profit of ₹3,445 crore and NIM of 9.04%.
Powered by Tijori
Shriram Finance scheduled a group meeting with funds and institutional investors at Emkay Confluence 2026: Full Throttle Ahead in Mumbai on August 12. The 2pm-3pm session was due to include Axis Mutual Fund, HSBC Asset Management, ICICI Prudential AMC, SBI Funds Management, White Oak Capital and Motilal Oswal AIF, among others. Discussions were to be based on the company's investor presentation and public-domain disclosures. Shriram Finance had reported June-quarter AUM of ₹3.14 trillion, net profit of ₹3,445 crore and NIM of 9.04%.
Powered by Tijori
Q1 profit jumps 60% on loan growth, wider lending margins
Sees cost of new borrowings falling 50–60 bps after ratings upgrades
Flags rural demand, geopolitics and MSME tariffs as key risks
Rewrites throughout with management commentary
By Surbhi Misra
July 24 (Reuters) - India's Shriram Finance SHMF.NS expects borrowing costs to ease further following recent domestic credit ratings upgrades, after lower funding costs helped the non-bank lender post a jump in quarterly profit.
The lender's standalone profit rose 59.79% during the quarter to 34.45 billion rupees ($357.05 million), helped by a bigger loan book and wider lending margins as funding costs eased.
"Incremental cost of funds will be around 50 to 60 basis points lower compared with the previous quarter," Managing Director Parag Sharma told Reuters in a post-earnings interview, adding that the benefit would translate into lower interest costs.
However, rural demand, geopolitical developments and the impact of tariffs on small businesses remained key risks to the outlook, Sharma added.
Analysts expect Indian non-bank lenders to report strong June-quarter earnings, supported by resilient credit demand, healthy collections and easing funding costs despite seasonal weakness.
Mahindra & Mahindra Financial Services MMFS.NS posted a 69.7% jump in quarterly profit earlier this week, while larger peer Bajaj Finance BJFN.NS is due to report results next week.
Shriram Finance's assets under management rose 15.26% year-on-year to 3.14 trillion rupees, led by growth in commercial and passenger vehicle loans, along with MSME loans.
Its net interest income — the difference between interest earned on loans and paid on borrowings — rose 33.67% to 80.56 billion rupees, while net interest margin expanded to 9.04% from 8.61% in the preceding quarter and 8.11% a year earlier.
"The margin was slightly above 9% because of investment income," Sharma said, referring to income earned from temporarily deploying proceeds from the company's recent equity infusion. "Long term, we will still target around 8.5%."
The company's gross stage 3 assets, or loans overdue for more than 90 days, stood at 4.64% of total loans, compared with 4.58% in the preceding quarter.
($1 = 96.4850 Indian rupees)
(Reporting by Surbhi Misra in Bengaluru; Editing by Ronojoy Mazumdar and Vijay Kishore)
(([email protected] | X: https://twitter.com/SurbhiMisra_ |;))
Q1 profit jumps 60% on loan growth, wider lending margins
Sees cost of new borrowings falling 50–60 bps after ratings upgrades
Flags rural demand, geopolitics and MSME tariffs as key risks
Rewrites throughout with management commentary
By Surbhi Misra
July 24 (Reuters) - India's Shriram Finance SHMF.NS expects borrowing costs to ease further following recent domestic credit ratings upgrades, after lower funding costs helped the non-bank lender post a jump in quarterly profit.
The lender's standalone profit rose 59.79% during the quarter to 34.45 billion rupees ($357.05 million), helped by a bigger loan book and wider lending margins as funding costs eased.
"Incremental cost of funds will be around 50 to 60 basis points lower compared with the previous quarter," Managing Director Parag Sharma told Reuters in a post-earnings interview, adding that the benefit would translate into lower interest costs.
However, rural demand, geopolitical developments and the impact of tariffs on small businesses remained key risks to the outlook, Sharma added.
Analysts expect Indian non-bank lenders to report strong June-quarter earnings, supported by resilient credit demand, healthy collections and easing funding costs despite seasonal weakness.
Mahindra & Mahindra Financial Services MMFS.NS posted a 69.7% jump in quarterly profit earlier this week, while larger peer Bajaj Finance BJFN.NS is due to report results next week.
Shriram Finance's assets under management rose 15.26% year-on-year to 3.14 trillion rupees, led by growth in commercial and passenger vehicle loans, along with MSME loans.
Its net interest income — the difference between interest earned on loans and paid on borrowings — rose 33.67% to 80.56 billion rupees, while net interest margin expanded to 9.04% from 8.61% in the preceding quarter and 8.11% a year earlier.
"The margin was slightly above 9% because of investment income," Sharma said, referring to income earned from temporarily deploying proceeds from the company's recent equity infusion. "Long term, we will still target around 8.5%."
The company's gross stage 3 assets, or loans overdue for more than 90 days, stood at 4.64% of total loans, compared with 4.58% in the preceding quarter.
($1 = 96.4850 Indian rupees)
(Reporting by Surbhi Misra in Bengaluru; Editing by Ronojoy Mazumdar and Vijay Kishore)
(([email protected] | X: https://twitter.com/SurbhiMisra_ |;))
Updates with statements from IDBI, Emirates in paragraph 4, market cap in paragraph 8 after close
By Nikunj Ohri
July 14 (Reuters) - India has received revised bids from Canada's Fairfax Financial FFH.TO and Dubai's Emirates NBD ENBD.DU for the sale of its majority stake in IDBI Bank IDBI.NS, two sources said, reviving a transaction stalled earlier this year over valuation expectations.
India's federal government and state-run Life Insurance Corp of India LIFI.NS are selling a combined 60.7% stake in IDBI Bank, with the transaction expected to be completed in a month, one of the sources said on Tuesday.
The sale process was stalled earlier this year after bids submitted in March by Fairfax and Emirates fell short of the government's expectations.
IDBI Bank said in a statement to exchanges on Tuesday that it cannot confirm or deny reports about Fairfax Financial's offer and has received no government communication on the ongoing disinvestment process. Emirates NBD declined to comment.
The revised bids are being evaluated, and a top panel of bureaucrats met on Monday to discuss the stake sale, a third source said. The Indian government owns 45.48% of IDBI Bank, while LIC holds 49.24%.
Fairfax is the frontrunner to acquire the bank and is in conversation with the government while Emirates is not actively pursuing the deal after having acquired another Indian lender last year, one of the two sources and another source said.
Details of the revised bids and valuation of the bank could not be immediately ascertained. Shares of IDBI Bank closed 2.87% higher at 86.54 rupees, giving the lender a market capitalisation of 930.5 billion rupees.($9.67 billion)
The finance ministry, LIC and Fairfax did not immediately respond to requests for comment. The sources spoke on condition of anonymity to discuss sensitive matters.
The revised bids come amid growing foreign investor interest in India's financial sector.
Last year, Emirates NBD acquired a stake in private lender RBL Bank RATB.NS for $3 billion, while Japan's MUFG 8306.T bought a 20% stake in non-bank lender Shriram Finance SHMF.NS for $4.4 billion, marking some of the largest foreign investments in India's banking industry.
To draw similar interest in state-run banks, India also plans to raise the foreign direct investment limit in them to 49% from 20% presently.
REVIVED SALE PROCESS
IDBI Bank's stake sale process was initiated in 2022 and has since dragged on due to regulatory and procedural approvals.
By March 2026, when the process neared its completion, it stalled due to high government valuation expectations and weak investor appetite amid the Middle East conflict.
Concerns over pension and gratuity liabilities also weighed on bids, Reuters had reported.
($1 = 96.2000 Indian rupees)
(Reporting by Nikunj Ohri, Additional reporting by Ira Dugal and Gopika Gopakumar; Writing by Kashish Tandon; Editing by Mrigank Dhaniwala, Sonia Cheema and Muralikumar Anantharaman)
(([email protected]; 8800437922;))
Updates with statements from IDBI, Emirates in paragraph 4, market cap in paragraph 8 after close
By Nikunj Ohri
July 14 (Reuters) - India has received revised bids from Canada's Fairfax Financial FFH.TO and Dubai's Emirates NBD ENBD.DU for the sale of its majority stake in IDBI Bank IDBI.NS, two sources said, reviving a transaction stalled earlier this year over valuation expectations.
India's federal government and state-run Life Insurance Corp of India LIFI.NS are selling a combined 60.7% stake in IDBI Bank, with the transaction expected to be completed in a month, one of the sources said on Tuesday.
The sale process was stalled earlier this year after bids submitted in March by Fairfax and Emirates fell short of the government's expectations.
IDBI Bank said in a statement to exchanges on Tuesday that it cannot confirm or deny reports about Fairfax Financial's offer and has received no government communication on the ongoing disinvestment process. Emirates NBD declined to comment.
The revised bids are being evaluated, and a top panel of bureaucrats met on Monday to discuss the stake sale, a third source said. The Indian government owns 45.48% of IDBI Bank, while LIC holds 49.24%.
Fairfax is the frontrunner to acquire the bank and is in conversation with the government while Emirates is not actively pursuing the deal after having acquired another Indian lender last year, one of the two sources and another source said.
Details of the revised bids and valuation of the bank could not be immediately ascertained. Shares of IDBI Bank closed 2.87% higher at 86.54 rupees, giving the lender a market capitalisation of 930.5 billion rupees.($9.67 billion)
The finance ministry, LIC and Fairfax did not immediately respond to requests for comment. The sources spoke on condition of anonymity to discuss sensitive matters.
The revised bids come amid growing foreign investor interest in India's financial sector.
Last year, Emirates NBD acquired a stake in private lender RBL Bank RATB.NS for $3 billion, while Japan's MUFG 8306.T bought a 20% stake in non-bank lender Shriram Finance SHMF.NS for $4.4 billion, marking some of the largest foreign investments in India's banking industry.
To draw similar interest in state-run banks, India also plans to raise the foreign direct investment limit in them to 49% from 20% presently.
REVIVED SALE PROCESS
IDBI Bank's stake sale process was initiated in 2022 and has since dragged on due to regulatory and procedural approvals.
By March 2026, when the process neared its completion, it stalled due to high government valuation expectations and weak investor appetite amid the Middle East conflict.
Concerns over pension and gratuity liabilities also weighed on bids, Reuters had reported.
($1 = 96.2000 Indian rupees)
(Reporting by Nikunj Ohri, Additional reporting by Ira Dugal and Gopika Gopakumar; Writing by Kashish Tandon; Editing by Mrigank Dhaniwala, Sonia Cheema and Muralikumar Anantharaman)
(([email protected]; 8800437922;))
MUMBAI, July 8 (Reuters) - India's Shriram Finance SHMF.NS accepted bids worth 20 billion rupees ($209.95 million) for a fresh issue of bonds maturing in about three years and two months, and the reissue of 8% December 2031 bonds, three bankers said on Wednesday.
The reissue will offer a yield of 7.80% and the fresh issue will pay a coupon of 7.8%, they said. The non-banking financial company had invited commitment bids for the issues earlier in the day.
The company did not respond to a Reuters email seeking comment.
Here is the list of deals reported so far on July 8:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Shriram Finance | 3 years 1 month and 29 days | 7.80 | 10 | July 8 | AAA (Care, Icra) |
Shriram Finance | 5 years, 5 months and 17 days | 7.80 (yield) | 10 | July 8 | AAA (Crisil, India Ratings) |
SIDBI | 3 years and 4 months | 7.29 | 80 | July 8 | AAA (Care, Crisil) |
*Size includes base plus greenshoe for some issues
($1 = 95.2625 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Janane Venkatraman)
(([email protected], Khushi Malhotra))
MUMBAI, July 8 (Reuters) - India's Shriram Finance SHMF.NS accepted bids worth 20 billion rupees ($209.95 million) for a fresh issue of bonds maturing in about three years and two months, and the reissue of 8% December 2031 bonds, three bankers said on Wednesday.
The reissue will offer a yield of 7.80% and the fresh issue will pay a coupon of 7.8%, they said. The non-banking financial company had invited commitment bids for the issues earlier in the day.
The company did not respond to a Reuters email seeking comment.
Here is the list of deals reported so far on July 8:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Shriram Finance | 3 years 1 month and 29 days | 7.80 | 10 | July 8 | AAA (Care, Icra) |
Shriram Finance | 5 years, 5 months and 17 days | 7.80 (yield) | 10 | July 8 | AAA (Crisil, India Ratings) |
SIDBI | 3 years and 4 months | 7.29 | 80 | July 8 | AAA (Care, Crisil) |
*Size includes base plus greenshoe for some issues
($1 = 95.2625 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Janane Venkatraman)
(([email protected], Khushi Malhotra))
MUMBAI, July 7 (Reuters) - India's Shriram Finance SHMF.NS plans to raise up to 20 billion rupees ($209.79 million) through a fresh issue of bonds maturing in about three years and two months, and the reissue of 8% December 2031 bonds, three bankers said on Tuesday.
The reissue has a greenshoe option of 5 billion rupees, and will offer a yield of 7.80%, the traders said. The fresh issue will pay a coupon of 7.8%.
The non-banking financial company has invited commitment bids for the issues on Wednesday, they said.
The company did not immediately respond to a Reuters email seeking comment.
ere is the list of deals reported so far on July 7:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Shriram Finance | 3 years 1 month and 29 days | 7.80 | 10 | July 8 | AAA (Care, Icra) |
Shriram Finance | 5 years, 5 months and 17 days | 7.80 (yield) | 5+5 | July 8 | AAA (Crisil, India Ratings) |
SIDBI | 3 years and 4 months | To be decided | 20+60 | July 8 | AAA (Care, Crisil) |
Tata Capital Jun 2029 reissue | 2 years and 11 months | 7.78 (yield) | 10 | July 6 | AAA (Crisil, Icra) |
Tata Capital | 5 years | 7.88 | 27.50 | July 6 | AAA (Crisil, Icra) |
* Size includes base plus greenshoe for some issues
($1 = 95.3325 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Sonia Cheema)
MUMBAI, July 7 (Reuters) - India's Shriram Finance SHMF.NS plans to raise up to 20 billion rupees ($209.79 million) through a fresh issue of bonds maturing in about three years and two months, and the reissue of 8% December 2031 bonds, three bankers said on Tuesday.
The reissue has a greenshoe option of 5 billion rupees, and will offer a yield of 7.80%, the traders said. The fresh issue will pay a coupon of 7.8%.
The non-banking financial company has invited commitment bids for the issues on Wednesday, they said.
The company did not immediately respond to a Reuters email seeking comment.
ere is the list of deals reported so far on July 7:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Shriram Finance | 3 years 1 month and 29 days | 7.80 | 10 | July 8 | AAA (Care, Icra) |
Shriram Finance | 5 years, 5 months and 17 days | 7.80 (yield) | 5+5 | July 8 | AAA (Crisil, India Ratings) |
SIDBI | 3 years and 4 months | To be decided | 20+60 | July 8 | AAA (Care, Crisil) |
Tata Capital Jun 2029 reissue | 2 years and 11 months | 7.78 (yield) | 10 | July 6 | AAA (Crisil, Icra) |
Tata Capital | 5 years | 7.88 | 27.50 | July 6 | AAA (Crisil, Icra) |
* Size includes base plus greenshoe for some issues
($1 = 95.3325 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Sonia Cheema)
June 3 (Reuters) - Shriram Finance Ltd SHMF.NS:
SHRIRAM FINANCE ANNOUNCES ALLIANCE WITH PADUKONE SCHOOL OF BADMINTON TO BOOST GRASSROOTS TALENT ACROSS INDIA
Source text: ID:nPreNY7H9a
Further company coverage: SHMF.NS
(((([email protected];));))
June 3 (Reuters) - Shriram Finance Ltd SHMF.NS:
SHRIRAM FINANCE ANNOUNCES ALLIANCE WITH PADUKONE SCHOOL OF BADMINTON TO BOOST GRASSROOTS TALENT ACROSS INDIA
Source text: ID:nPreNY7H9a
Further company coverage: SHMF.NS
(((([email protected];));))
MUMBAI, April 30 (Reuters) - India's Shriram Finance SHMF.NS plans to raise 5 billion rupees ($52.54 million), including a greenshoe option of 4 billion rupees, through the reissue of 9.15% January 2029 bonds, three bankers said on Thursday.
It has invited coupon and commitment bids for the issue on Monday, they said.
The company did not immediately respond to a Reuters email seeking comment.
Here is the list of deals reported so far on April 30:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Shriram Finance | 2 Years 8 Months | To be decided | 1+4 | May 4 | AA+ (Crisil) |
Mindspace Business Parks REIT | 10 years | To be decided | 5 | May 5 | AAA (Crisil) |
Cholamandalam Investment and Finance Company | 3 years and 1 month | 8.08 | 5+10 | May 4 | AA+ (Icra) |
*Size includes base plus greenshoe for some issues
($1 = 95.1650 Indian rupees)
(Reporting by Dharamraj Dhutia amd Khushi Malhotra; Editing by Sonia Cheema)
MUMBAI, April 30 (Reuters) - India's Shriram Finance SHMF.NS plans to raise 5 billion rupees ($52.54 million), including a greenshoe option of 4 billion rupees, through the reissue of 9.15% January 2029 bonds, three bankers said on Thursday.
It has invited coupon and commitment bids for the issue on Monday, they said.
The company did not immediately respond to a Reuters email seeking comment.
Here is the list of deals reported so far on April 30:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Shriram Finance | 2 Years 8 Months | To be decided | 1+4 | May 4 | AA+ (Crisil) |
Mindspace Business Parks REIT | 10 years | To be decided | 5 | May 5 | AAA (Crisil) |
Cholamandalam Investment and Finance Company | 3 years and 1 month | 8.08 | 5+10 | May 4 | AA+ (Icra) |
*Size includes base plus greenshoe for some issues
($1 = 95.1650 Indian rupees)
(Reporting by Dharamraj Dhutia amd Khushi Malhotra; Editing by Sonia Cheema)
** Shares of Shriram Finance SHMF.NS fall 4% to 969.95 rupees
** SHMF beat analysts' estimates for fourth-quarter profit while assets under management grew 155
** Management cautious on growth outlook due to the conflict in the Middle East and weaker rainfall forecast
** Investec says overall Q4 was mixed with subdued sequential growth and asset quality deterioration
** Remains sceptical about growth acceleration following the MUFG capital infusion and assumes a 16% AUM CAGR over the next three years
** UBS says SHMF is undergoing structural change following the MUFG deal, addressing legacy issues, and sees scope for further re‑rating given the improving outlook and domestic under‑ownership
** In Dec, MUFG, one of Japan's largest lenders, said it will acquire a 20% stake in an Indian non-bank lender for $4.4 billion
** Thirty- three analysts have a "Buy" rating on average; median PT is 1,200 rupees - data compiled by LSEG
** YTD, SHMF down ~5%
(Reporting by Urvi Dugar in Bengaluru)
(([email protected];))
** Shares of Shriram Finance SHMF.NS fall 4% to 969.95 rupees
** SHMF beat analysts' estimates for fourth-quarter profit while assets under management grew 155
** Management cautious on growth outlook due to the conflict in the Middle East and weaker rainfall forecast
** Investec says overall Q4 was mixed with subdued sequential growth and asset quality deterioration
** Remains sceptical about growth acceleration following the MUFG capital infusion and assumes a 16% AUM CAGR over the next three years
** UBS says SHMF is undergoing structural change following the MUFG deal, addressing legacy issues, and sees scope for further re‑rating given the improving outlook and domestic under‑ownership
** In Dec, MUFG, one of Japan's largest lenders, said it will acquire a 20% stake in an Indian non-bank lender for $4.4 billion
** Thirty- three analysts have a "Buy" rating on average; median PT is 1,200 rupees - data compiled by LSEG
** YTD, SHMF down ~5%
(Reporting by Urvi Dugar in Bengaluru)
(([email protected];))
BENGALURU, April 24 (Reuters) - India's Shriram Finance SHMF.NS posted a bigger-than-expected fourth-quarter profit on Friday, bolstered by growth in lending for commercial and passenger vehicle purchases.
The non-bank lender's profit rose 41% to 30.14 billion rupees ($319.7 million) in the quarter ended March 31, compared with 21.39 billion rupees a year earlier, beating an average analyst estimate of 27.82 billion rupees, as per data compiled by LSEG.
(Reporting by Pranav Kashyap in Bengluru; Editing by Nivedita Bhattacharjee)
(([email protected]; +919886482111;))
BENGALURU, April 24 (Reuters) - India's Shriram Finance SHMF.NS posted a bigger-than-expected fourth-quarter profit on Friday, bolstered by growth in lending for commercial and passenger vehicle purchases.
The non-bank lender's profit rose 41% to 30.14 billion rupees ($319.7 million) in the quarter ended March 31, compared with 21.39 billion rupees a year earlier, beating an average analyst estimate of 27.82 billion rupees, as per data compiled by LSEG.
(Reporting by Pranav Kashyap in Bengluru; Editing by Nivedita Bhattacharjee)
(([email protected]; +919886482111;))
April 15 (Reuters) - Shriram Finance Ltd SHMF.NS:
SHRIRAM FINANCE LTD - UNIT GETS IN-PRINCIPAL APPROVAL TO COMMENCE PRIMARY DEALER BUSINESS FROM RESERVE BANK OF INDIA
Source text: ID:nBSE7SX2LB
Further company coverage: SHMF.NS
(([email protected];))
April 15 (Reuters) - Shriram Finance Ltd SHMF.NS:
SHRIRAM FINANCE LTD - UNIT GETS IN-PRINCIPAL APPROVAL TO COMMENCE PRIMARY DEALER BUSINESS FROM RESERVE BANK OF INDIA
Source text: ID:nBSE7SX2LB
Further company coverage: SHMF.NS
(([email protected];))
- MUFG Bank completed an equity investment in Shriram Finance via preferential allotment of 471,121,055 shares at INR 840.93 each.
- Total consideration was about INR 396.18 billion.
- Post-allotment stake will be 20% on a fully diluted basis.
- Deal was described as largest cross-border investment in India financial services sector.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Mitsubishi UFJ Financial Group Inc. published the original content used to generate this news brief on April 08, 2026, and is solely responsible for the information contained therein.
- MUFG Bank completed an equity investment in Shriram Finance via preferential allotment of 471,121,055 shares at INR 840.93 each.
- Total consideration was about INR 396.18 billion.
- Post-allotment stake will be 20% on a fully diluted basis.
- Deal was described as largest cross-border investment in India financial services sector.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Mitsubishi UFJ Financial Group Inc. published the original content used to generate this news brief on April 08, 2026, and is solely responsible for the information contained therein.
March 25 (Reuters) -
INDIA COMPETITION WATCHDOG: CCI APPROVES THE ACQUISITION OF CERTAIN SHARES IN SHRIRAM FINANCE BY MUFG BANK
Further company coverage: 8306.T
(([email protected];;))
March 25 (Reuters) -
INDIA COMPETITION WATCHDOG: CCI APPROVES THE ACQUISITION OF CERTAIN SHARES IN SHRIRAM FINANCE BY MUFG BANK
Further company coverage: 8306.T
(([email protected];;))
Updates
** Indian non-bank lenders Shriram Finance SHMF.NS and Bajaj Finance BJFN.NS rise as much as 2.4 and 2.9%, while shadow lenders such as LIC Housing Finance LICH.NS, Muthoot Finance MUTT.NS and Jio Financial JIOF.NS gain 0.5% to 2.5%
** SHMF last up 1.1%, while BJFN reverses gains to trade 0.5% lower
** CNBC-TV18 report says that the Reserve Bank of India is not considering any proposal to cap the tenure or implement a force rotation of the top management of NBFCs, citing sources with knowledge of the matter
** BJFN lost 10% last week, taking their three-week drop to about 18%; SHMF lost a modest 0.4% last week
** In a note dated March 10, 2026, Macquarie analysts led by Suresh Ganapathy said that such a regulation "could impact SHMF followed by BJFN and force them to plan for leadership transitions in the near to medium term"
** India's financials .NIFTYFIN lost 5.7% last week as benchmarks logged their worst week in years and confirmed a correction as crude prices spiked due to the Middle East conflict
Leadership tenure at India's non-bank lenders https://reut.rs/4sjvFNX
(Reporting by Bharath Rajeswaran in Bengaluru)
(([email protected]; +91 9769003463;))
Updates
** Indian non-bank lenders Shriram Finance SHMF.NS and Bajaj Finance BJFN.NS rise as much as 2.4 and 2.9%, while shadow lenders such as LIC Housing Finance LICH.NS, Muthoot Finance MUTT.NS and Jio Financial JIOF.NS gain 0.5% to 2.5%
** SHMF last up 1.1%, while BJFN reverses gains to trade 0.5% lower
** CNBC-TV18 report says that the Reserve Bank of India is not considering any proposal to cap the tenure or implement a force rotation of the top management of NBFCs, citing sources with knowledge of the matter
** BJFN lost 10% last week, taking their three-week drop to about 18%; SHMF lost a modest 0.4% last week
** In a note dated March 10, 2026, Macquarie analysts led by Suresh Ganapathy said that such a regulation "could impact SHMF followed by BJFN and force them to plan for leadership transitions in the near to medium term"
** India's financials .NIFTYFIN lost 5.7% last week as benchmarks logged their worst week in years and confirmed a correction as crude prices spiked due to the Middle East conflict
Leadership tenure at India's non-bank lenders https://reut.rs/4sjvFNX
(Reporting by Bharath Rajeswaran in Bengaluru)
(([email protected]; +91 9769003463;))
March 12 (Reuters) - Shriram Finance Ltd SHMF.NS:
SHRIRAM FINANCE - SHRIRAM OVERSEAS INVESTMENTS SUBMITTED APPLICATION FOR LICENSE FOR PRIMARY DEALER BUSINESS TO RBI
Source text: ID:nBSEjS6wp
Further company coverage: SHMF.NS
(([email protected];))
March 12 (Reuters) - Shriram Finance Ltd SHMF.NS:
SHRIRAM FINANCE - SHRIRAM OVERSEAS INVESTMENTS SUBMITTED APPLICATION FOR LICENSE FOR PRIMARY DEALER BUSINESS TO RBI
Source text: ID:nBSEjS6wp
Further company coverage: SHMF.NS
(([email protected];))
March 9 (Reuters) - Warburg Pincus-backed mortgage lender Truhome Finance has filed for a 30 billion rupees ($325 million) initial public offering, its draft prospectus showed on Monday.
Truhome, formerly known as Shriram Housing Finance, was acquired by the U.S. private equity firm from non-bank lender Shriram Finance SHMF.NS in a 46.3 billion rupees deal in 2024.
Truhome Finance's IPO comprises an issue of new shares worth 15 billion rupees, and an offer for sale of shares worth 15 billion rupees by Warburg.
This is the first Indian IPO by a mortgage lender since Bajaj Housing Finance's BAJO.NS 65.6 billion rupees IPO in September 2024.
Warburg currently owns 98.16% of Truhome.
Should the offer size remain unchanged, Truhome's IPO would be India's third-largest issue in 2026.
The company plans to use the IPO proceeds to meet future capital requirements, according to the draft prospectus.
Truhome's assets under management (AUM) stood at $2.29 billion as of December 2025.
The company's AUM for the fiscal year ended March 2025 grew 29% to $1.92 billion and more than doubled from fiscal 2023's nearly $872 million.
JM Financial, IIFL Capital, Jefferies and Kotak Mahindra Capital are the bankers to the issue.
($1 = 92.2930 Indian rupees)
(Reporting by Nandan Mandayam in Bengaluru; Editing by Varun H K)
(([email protected]; Mobile: +91 9591011727;))
March 9 (Reuters) - Warburg Pincus-backed mortgage lender Truhome Finance has filed for a 30 billion rupees ($325 million) initial public offering, its draft prospectus showed on Monday.
Truhome, formerly known as Shriram Housing Finance, was acquired by the U.S. private equity firm from non-bank lender Shriram Finance SHMF.NS in a 46.3 billion rupees deal in 2024.
Truhome Finance's IPO comprises an issue of new shares worth 15 billion rupees, and an offer for sale of shares worth 15 billion rupees by Warburg.
This is the first Indian IPO by a mortgage lender since Bajaj Housing Finance's BAJO.NS 65.6 billion rupees IPO in September 2024.
Warburg currently owns 98.16% of Truhome.
Should the offer size remain unchanged, Truhome's IPO would be India's third-largest issue in 2026.
The company plans to use the IPO proceeds to meet future capital requirements, according to the draft prospectus.
Truhome's assets under management (AUM) stood at $2.29 billion as of December 2025.
The company's AUM for the fiscal year ended March 2025 grew 29% to $1.92 billion and more than doubled from fiscal 2023's nearly $872 million.
JM Financial, IIFL Capital, Jefferies and Kotak Mahindra Capital are the bankers to the issue.
($1 = 92.2930 Indian rupees)
(Reporting by Nandan Mandayam in Bengaluru; Editing by Varun H K)
(([email protected]; Mobile: +91 9591011727;))
MUFG is buying a 20% stake in India's Shriram Finance
MUFG customers interested in tapping the relationship to expand
Deal could improve MUFG's profitability, executive says
By Anton Bridge and Miho Uranaka
TOKYO, Jan 30 (Reuters) - Japan's Mitsubishi UFJ Financial Group 8306.T has seen a surge in interest from Japanese automakers hoping to tap its 20% stake in Indian non-bank lender Shriram Finance SHMF.NS to boost sales in the fast-growing Indian market, an MUFG executive said.
India has become a major investment focus for MUFG - Japan's largest banking group - and for clients such as Toyota, with business generated through the Shriram investment potentially lifting profitability across the group, Yasushi Itagaki, head of MUFG's global operations, told Reuters in an interview.
"Our customers are thinking about this more than we imagined," Itagaki said.
IMPROVING PROFITABILITY
Shriram is a major provider of commercial and passenger vehicle credit to SMEs and individuals, with more than 3,200 branches, including in regions where Japanese firms have little presence.
Since the deal was announced, MUFG has fielded calls from automakers seeking to grow sales, for instance by offering preferential financing through Shriram.
Once the acquisition is completed, MUFG plans to set up a dedicated team to develop such opportunities, with staff on the ground working alongside colleagues in Tokyo and Singapore, Itagaki said.
"It's very natural that we work together on this," Itagaki said.
He said the acquisition could further improve profitability, even after MUFG raised its medium- to long-term return-on-equity target to 12% in May last year.
"If realising synergies is faster than we anticipated we may hit our targets sooner," Itagaki said.
India is also becoming a more attractive investment destination amid growing geopolitical uncertainty.
"In an environment of protectionism and fragmentation, you don't want to rely too much on external demand. I think the U.S. and India are two major countries that can stand firmly on their domestic demand," Itagaki said.
MUFG's $4.4 billion investment for a 20% stake in Shriram - the largest cross-border investment in India's financial sector - adds to its corporate banking, digital finance and startup investments in the country.
Restrictions on foreign investment in India's financial sector are gradually easing, and Itagaki met with Prime Minister Narendra Modi, the central bank governor and other senior officials to advocate for the acquisition.
At a press conference last month, an MUFG Bank executive said lifting the Shriram stake above 50% was a possibility, but Itagaki said further investment was not currently planned.
(Reporting by Anton Bridge and Miho Uranaka. Editing by Mark Potter)
(([email protected];))
MUFG is buying a 20% stake in India's Shriram Finance
MUFG customers interested in tapping the relationship to expand
Deal could improve MUFG's profitability, executive says
By Anton Bridge and Miho Uranaka
TOKYO, Jan 30 (Reuters) - Japan's Mitsubishi UFJ Financial Group 8306.T has seen a surge in interest from Japanese automakers hoping to tap its 20% stake in Indian non-bank lender Shriram Finance SHMF.NS to boost sales in the fast-growing Indian market, an MUFG executive said.
India has become a major investment focus for MUFG - Japan's largest banking group - and for clients such as Toyota, with business generated through the Shriram investment potentially lifting profitability across the group, Yasushi Itagaki, head of MUFG's global operations, told Reuters in an interview.
"Our customers are thinking about this more than we imagined," Itagaki said.
IMPROVING PROFITABILITY
Shriram is a major provider of commercial and passenger vehicle credit to SMEs and individuals, with more than 3,200 branches, including in regions where Japanese firms have little presence.
Since the deal was announced, MUFG has fielded calls from automakers seeking to grow sales, for instance by offering preferential financing through Shriram.
Once the acquisition is completed, MUFG plans to set up a dedicated team to develop such opportunities, with staff on the ground working alongside colleagues in Tokyo and Singapore, Itagaki said.
"It's very natural that we work together on this," Itagaki said.
He said the acquisition could further improve profitability, even after MUFG raised its medium- to long-term return-on-equity target to 12% in May last year.
"If realising synergies is faster than we anticipated we may hit our targets sooner," Itagaki said.
India is also becoming a more attractive investment destination amid growing geopolitical uncertainty.
"In an environment of protectionism and fragmentation, you don't want to rely too much on external demand. I think the U.S. and India are two major countries that can stand firmly on their domestic demand," Itagaki said.
MUFG's $4.4 billion investment for a 20% stake in Shriram - the largest cross-border investment in India's financial sector - adds to its corporate banking, digital finance and startup investments in the country.
Restrictions on foreign investment in India's financial sector are gradually easing, and Itagaki met with Prime Minister Narendra Modi, the central bank governor and other senior officials to advocate for the acquisition.
At a press conference last month, an MUFG Bank executive said lifting the Shriram stake above 50% was a possibility, but Itagaki said further investment was not currently planned.
(Reporting by Anton Bridge and Miho Uranaka. Editing by Mark Potter)
(([email protected];))
Jan 28 (Reuters) - Shriram Finance Ltd SHMF.NS:
GOT TAX ORDERS FOR DEMAND OF 15.5 MILLION RUPEES
Source text: ID:nBSEc5jjTs
Further company coverage: SHMF.NS
(([email protected];))
Jan 28 (Reuters) - Shriram Finance Ltd SHMF.NS:
GOT TAX ORDERS FOR DEMAND OF 15.5 MILLION RUPEES
Source text: ID:nBSEc5jjTs
Further company coverage: SHMF.NS
(([email protected];))
** Brokerages reiterate positive outlook on non-bank lender Shriram Finance SHMF.NS citing margin expansion, stable asset quality
** Co posted 21.3% y/y Q3 profit rise on Friday
** YTD, stock among top performers on Nifty 50 .NSEI; Last year, stock gained about 72% vs .NSEI 10.5% rise
MARGINS AND ASSET QUALITY DRIVE OPTIMISM
** Nomura ("buy", TP at 1,200 rupees) keeps SHMF as top NBFC pick, citing margin expansion, steady credit costs and lowest net slippages in 10 quarters
** PhillipCapital ("buy", TP at 1200 rupees) says Q3 driven by healthy AUM growth, improving margins, controlled credit costs
** Ambit Capital ("buy", TP at 1249 rupees) says falling cost of funds, stable credit costs position SHFL for strong profitability over next few years
(Reporting by Surbhi Misra in Bengaluru)
(([email protected] | X: https://twitter.com/SurbhiMisra_ |;))
** Brokerages reiterate positive outlook on non-bank lender Shriram Finance SHMF.NS citing margin expansion, stable asset quality
** Co posted 21.3% y/y Q3 profit rise on Friday
** YTD, stock among top performers on Nifty 50 .NSEI; Last year, stock gained about 72% vs .NSEI 10.5% rise
MARGINS AND ASSET QUALITY DRIVE OPTIMISM
** Nomura ("buy", TP at 1,200 rupees) keeps SHMF as top NBFC pick, citing margin expansion, steady credit costs and lowest net slippages in 10 quarters
** PhillipCapital ("buy", TP at 1200 rupees) says Q3 driven by healthy AUM growth, improving margins, controlled credit costs
** Ambit Capital ("buy", TP at 1249 rupees) says falling cost of funds, stable credit costs position SHFL for strong profitability over next few years
(Reporting by Surbhi Misra in Bengaluru)
(([email protected] | X: https://twitter.com/SurbhiMisra_ |;))
Jan 23 (Reuters) - Shriram Finance Ltd SHMF.NS:
Q3 PROFIT 25.22 BILLION RUPEES, IBES EST. 24.15 BILLION RUPEES
Q3 INTEREST INCOME 118.33 BILLION RUPEES
Further company coverage: SHMF.NS
(([email protected];;))
Jan 23 (Reuters) - Shriram Finance Ltd SHMF.NS:
Q3 PROFIT 25.22 BILLION RUPEES, IBES EST. 24.15 BILLION RUPEES
Q3 INTEREST INCOME 118.33 BILLION RUPEES
Further company coverage: SHMF.NS
(([email protected];;))
Jan 21 (Reuters) -
FITCH PLACES SHRIRAM FINANCE'S 'BB+' RATINGS ON RATING WATCH POSITIVE - STATEMENT
Further company coverage: SHMF.NS
(([email protected];))
Jan 21 (Reuters) -
FITCH PLACES SHRIRAM FINANCE'S 'BB+' RATINGS ON RATING WATCH POSITIVE - STATEMENT
Further company coverage: SHMF.NS
(([email protected];))
Jan 16 (Reuters) - Shriram Finance Ltd SHMF.NS:
BOARD TO CONSIDER DEBT SECURITIES ISSUANCE PLAN
Source text: ID:nBSE42FGF9
Further company coverage: SHMF.NS
(([email protected];))
Jan 16 (Reuters) - Shriram Finance Ltd SHMF.NS:
BOARD TO CONSIDER DEBT SECURITIES ISSUANCE PLAN
Source text: ID:nBSE42FGF9
Further company coverage: SHMF.NS
(([email protected];))
Jan 15 (Reuters) - Shriram Finance Ltd SHMF.NS:
S&P GLOBAL RATINGS: SHRIRAM FINANCE RATING RAISED TO 'BBB-/A-3' ON MUFG INVESTMENT
Further company coverage: SHMF.NS
(([email protected];))
Jan 15 (Reuters) - Shriram Finance Ltd SHMF.NS:
S&P GLOBAL RATINGS: SHRIRAM FINANCE RATING RAISED TO 'BBB-/A-3' ON MUFG INVESTMENT
Further company coverage: SHMF.NS
(([email protected];))
More Large Cap Ideas
See similar 'Large' cap companies with recent activity
Promoter Buying
Companies where the promoters are bullish
Capex
Companies investing on expansion
Superstar Investor
Companies where well known investors have invested
Popular questions
- Business
- Financials
- Share Price
- Shareholdings
What does Shriram Finance do?
Shriram Finance is primarily engaged in the business of financing and does not manufacture any physical products. The Company is engaged in the business of financing commercial vehicles, passenger vehicles, construction equipment, farm equipment, micro, small and medium enterprises (MSME), two-wheelers, gold and personal loans. The company offers diverse financial products tailored to meet every customer’s unique needs. Whether it is pre-owned vehicle finance, personal loans, or farm equipment loans, its solutions are designed to empower individuals and businesses. The company designs every product with a focus on inclusion and customisation. Thus, ensuring it delivers the right support at the right time.
Who are the competitors of Shriram Finance?
Shriram Finance major competitors are Bajaj Finserv, Chola Invest & Fin., JIO Financial Serv., Power Finance Corpn., Muthoot Finance, Indian Railway Fin., REC. Market Cap of Shriram Finance is ₹2,30,845 Crs. While the median market cap of its peers are ₹1,14,514 Crs.
Is Shriram Finance financially stable compared to its competitors?
Shriram Finance seems to be financially stable compared to its competitors. The probability of it going bankrupt or facing a financial crunch seem to be lower than its immediate competitors.
Does Shriram Finance pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. Shriram Finance latest dividend payout ratio is 20.27% and 3yr average dividend payout ratio is 20.9%
How strong is Shriram Finance balance sheet?
Latest balance sheet of Shriram Finance is strong. Strength was visible historically as well.
Is the profitablity of Shriram Finance improving?
Yes, profit is increasing. The profit of Shriram Finance is ₹11,296 Crs for TTM, ₹10,024 Crs for Mar 2026 and ₹9,554 Crs for Mar 2025.
Is Shriram Finance stock expensive?
Yes, Shriram Finance is expensive. Latest PE of Shriram Finance is 20.73, while 3 year average PE is 13.92. Also latest Price to Book of Shriram Finance is 3.56 while 3yr average is 2.07.
Has the share price of Shriram Finance grown faster than its competition?
Shriram Finance has given better returns compared to its competitors. Shriram Finance has grown at ~37.53% over the last 3yrs while peers have grown at a median rate of 8.49%
Is the promoter bullish about Shriram Finance?
Promoters seem not to be bullish about the company and have been selling shares in the open market. Latest quarter promoter holding in Shriram Finance is 20.3% and last quarter promoter holding is 25.38%
Are mutual funds buying/selling Shriram Finance?
The mutual fund holding of Shriram Finance is decreasing. The current mutual fund holding in Shriram Finance is 13.81% while previous quarter holding is 16.34%.