Latest News | Promoter of Shriram Finance Sold over 59 Lakh Shares for Rs 1,427 Crore | LatestLY

New Delhi, Mar 28 (PTI) Sanlam Life Insurance — one of the promoters of Shriram Finance — on Thursday offloaded shares for Rs 1,427 crore through an open market transaction. Shriram Finance is one of the country’s biggest retail non-banking financial companies (NBFCs) offering credit solutions for commercial vehicles, two-wheeler loans, and car loans. Also Read | Good Friday 2024 FAQs: Is Stock Market Open or Closed on Good Friday? Is There a Bank Holiday on Good Friday? Here’s All You Need To Know. According to the block deal data available with the National Stock Exchange (NSE), Sanlam Life Insurance Ltd sold 59.80 lakh shares, amounting to a 1.6 per cent stake of the company. The shares were disposed of…

Source: LatestLY
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