Shriram Finance has received in-principle approval for the issuance of 47,11,21,055 equity shares. The shares have a face value of ₹2/- each and will be issued at a price of ₹840.93/- per share. The issuance will be conducted via a preferential issue on a private placement basis to MUFG Bank Ltd.
Equity Share Issuance Approval
Shriram Finance has obtained in-principle approval for issuing equity shares to MUFG Bank Ltd through a preferential issue. This decision, detailed in a notification dated February 3, 2026, marks a significant step for the company’s capital strategy.
Key Details of the Issuance
The issuance involves 47,11,21,055 equity shares, each with a face value of ₹2. These shares will be offered at an issue price of ₹840.93 per equity share. The structure is designed as a preferential issue on a private placement basis, specifically targeting MUFG Bank Ltd.
Source: BSE
