Shriram Transport Finance - Merger Of Shriram City, Shriram Capital Into Shriram Transport: Motilal Oswal
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Motilal Oswal Report
Shriram Capital Ltd. and Shriram City Union Finance Ltd. will merge into Shriram Transport Finance Company Ltd. and the merged entity will be called ‘Shriram Finance Ltd.’
Shriram Housing will be a subsidiary with 85.02% holding while the merged entity will continue to hold 44.56% in Shriram Automall post the proposed merger. All other businesses (including life and general insurance) will be housed outside the listed entity.
Post-merger with Shriram Transport Finance, the merged entity would have a combined assets under management of over Rs 1.5 trillion, over ~20 million customers served till date and a distribution network of over 3500 branches (including rural centers).
The merger would help the group bring together all its lending products and create a market leader in all the products/consumer segments that it operates in.
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