May 25, 2018 11:38 AM ET

Diversified Financial Services

Company Overview of Shriram Capital Limited

Company Overview

Shriram Capital Limited provides financial services and insurance solutions internationally. It offers commercial vehicle finance; consumer and enterprise finance, such as individual personal loans, small business loans, asset purchase loans, and loans against gold; and retail stock broking services. The company also provides life insurance solutions; general insurance solutions; and financial product distribution, including distribution of debentures/fixed deposits and investment products. In addition, it offers wealth advisory services in the areas of equity, mutual funds, portfolio management, insurance, structured and fixed income products, and other assets. Further, the company provides...

2nd Floor

Shriram House

No.4, Burkit Road

T. Nagar

Chennai,  600 017

India

Founded in 1974

Phone:

91 44 4905 2500

Fax:

91 44 2499 3272

Key Executives for Shriram Capital Limited

CEO, MD & Director
Age: 50
Managing Director and Director
Age: 52
Compensation as of Fiscal Year 2017.

Shriram Capital Limited Key Developments

Piramal Says Interest Of Shareholders Paramount In Merger Talks With IDFC

The interests of Shriram Capital Limited shareholders will be paramount in its merger with IDFC Limited (BSE:532659), said Shriram group Chairman Ajay Piramal. Merger discussions may even be called off if the deal structure is not favorable to shareholders of the Shriram group firms, said Piramal, who is also chairman of Piramal Enterprises Ltd. IDFC and Shriram announced their merger plans on July 8, 2017. The exclusivity period for discussions ends on October 6, 2017. "It is very clear for us; we will do whatever is in the best interest of Shriram share- holders. All throughout, if you see, our record has been to look after the shareholder interest," said Piramal.

Shriram Capital And IDFC Merger To Miss 90 Day Timeline

The merger of Shriram Capital Limited and IDFC Bank Limited (BSE:539437) is likely to miss the October 8, 2017 timeline to arrive at an acceptable agreement. This was disclosed by Ajay Piramal, chairman Shriram Group."We said that this (merger proposal) is an initial thought, subject to the RBI approval and to valuations. So we are in that process of discussion with the RBI and in respect of valuations," said Piramal. He added that IDFC and Shriram had chosen to announce the merger proposal before any decision was taken so that there was no allegation of insider trading. Ajay Piramal said that there was no fixed merger proposal and the partners were discussing various alternatives. "We will look at what is in the best interest of the shareholders of Shriram and we are also protecting the interest of shareholders of Piramal Enterprises," said Ajay Piramal

Shriram And IDFC Are Likely To Face Objections

IDFC Bank Limited (BSE:539437) and Shriram Capital Limited are likely to face objections from the Reserve Bank of India (RBI) over their proposed merger to create a mass retail franchise with a universal bank at its core.

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Recent Private Companies Transactions

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Date
Target
No transactions available in the past 12 months.
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