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This will be the first time in a decade the commercial vehicle financier will tap the equity markets to raise funds Shriram Transport Finance Co.

Ltd (STFC) plans to raise ₹2,000 crore through a rights issue, said two people aware of the matter, joining the ranks of lenders seeking to raise capital and fortify balance sheets to tackle contingencies and opportunities emerging from the covid-19 crisis.

This will be the first time in a decade the commercial vehicle financier will tap the equity markets to raise funds. STFC last raised ₹584 crore through a qualified institutional placement (QIP) in January 2010. “STFC started work on its fundraising efforts last week.

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COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
United Kingdom
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
Detail statistic
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