Tag Archive for Shriram

Shriram Properties Limited files DRHP with SEBI

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By Vivek K. Mobile: 09920183006 Email:indianshowbusiness@gmail.com

Shriram Properties Limited (SPL), one of the leading residential real estate development companies in South India, primarily focused on the mid-market and affordable housing categories, filed its Draft Red Herring Prospectus (DRHP) with SEBI.

The Initial Public Offering (IPO) comprises of Shriram Properties Limited (“Company” or “Issuer”) comprising of a fresh issue aggregating up to Rs. 2,500 million (the “Fresh Issue”) and an offer for sale of up to 42,403,271 equity shares comprising of up to 11,243,964 equity shares by Omega TC Sabre Holdings Pte. Limited; up to 1,031,557 equity shares by Tata Capital Financial Services Limited; up to 11,398,698 equity shares by TPG Asia SF V Pte. Ltd.; up to 16,502,880 equity shares by WSI/WSQI V (XXXII) Mauritius Investors Limited (collectively, the “Investor Selling Shareholders”) and up to 2,226,172 equity shares by certain other selling shareholders. The offer includes a reservation for subscription by eligible employees i.e. the employee reservation portion.

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SHRIRAM PROPERTIES APPOINTS FIVE EMINENT INDEPENDENT DIRECTORS ONTO ITS BOARD

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By Vivek K. Mobile: 09920183006 Email:indianshowbusiness@gmail.com

Mr. M. Murali, Chairman and Managing Director, Shriram Properties Limited

Shriram Properties Limited (SPL), one of the leading residential real estate development companies, primarily focused on the mid-market and affordable housing categories in South India, has announced the appointment of 5 independent directors from diverse backgrounds to its Board of Directors.

The 5 new independent directors who have joined the board are:

· Mr. T. S. Vijayan – Former Chairman of LIC and Former Chairman of IRDA

· Ms. Anita Kapur – Former Chairperson of CBDT, Government of India

· Mr. K. G. Krishnamurthy – Managing Director, HDFC Property Ventures Limited

· Professor R. Vaidyanathan – Retired Professor of Finance, IIM-B

· Mr. Anil Goswami – Retired Home Secretary, Government of India

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MITSUBISHI PARTNERS WITH SHRIRAM PROPERTIES FOR ITS FIRST-EVER REAL ESTATE INVESTMENTS IN INDIA

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By Vivek K. Mobile: 09920183006 Email:indianshowbusiness@gmail.com

Mr Murali and Mr Kentaro Koga signing the documents

Shriram Properties Limited (“Shriram”) and an investment arm of Mitsubishi Corporation, Japan (“Mitsubishi”), have signed definitive agreements for partnership in an ongoing large residential development project in Chennai (Tamil Nadu, India).

This marks Mitsubishi’s entry into the Indian real estate sector and Shriram is proud to be the chosen partner for Mitsubishi’s maiden investment. In the past as well, Shriram was the chosen partner for first-ever realty investment respectively by TPG, Tata Capital, Walton Street Capital and Starwood Capital, and is proud to have received similar confidence from another global major. Read more

Shriram Transport Finance inks MOU with HPCL to offer credit based fuel services to its customers

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By Vivek K. Mobile: 09920183006 Email:indianshowbusiness@gmail.com

Shriram Transport Finance Company Limited Ltd (STFC), inks MOU with Hindustan Petroleum Corporation LTD (HPCL) to offer credit based fuel filling services to its customers on digital platform. Read more

Shriram Automall Platforms transacted Business worth over Rs. 3000 crore in FY 2017-18

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By Vivek K.

Shriram Automall India Limited (SAMIL), India’s Largest Physical & Online Bidding Platform for transactions of pre-owned vehicles & equipment grew by 30% in FY 2017-18. SAMIL achieved this milestone by transacting over 1,20,000 pre-owned vehicles & equipment worth Rs. 2300 Cr. through its physical platforms, acquiring 100000+ unique bidders while assisting already existing 6,50,000+ bidders through its 75 well structured Automall facilities across India. After the partnership with CarTrade Exchange & Adroit, in the month of March 2018 the company transacted Rs. 354 Cr. worth of business through its physical & online platforms & grew 71% when compared to Feb 2018. Read more

Shriram Transport Finance, first NBFC to launch 24X7 smart branch

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By Vivek K. Mobile: 09920183006 Email:indianshowbusiness@gmail.com

Photo Caption: Mr. Umesh Revankar, MD & CEO, STFC inaugurating 24X7 smart branch

Shriram Transport Finance Company Limited Ltd (STFC), first NBFC to launch smart branch at Azadpur, New Delhi. 24X7 e-branch will facilitate STFC customers with end to end, unique smart solutions. The smart kiosk is available in multilingual facility for all the existing and potential customers. Presently, with 1.71 million strong customer base Pan India, STFC plans to open 100 smart branches in a span of 1 year and targets at least 1 lakh transactions every month.

The large network of branches had been the foundation of business and a trusted channel of choice for customers of STFC. But, the rapidly advancing digital technology options across banking industry are in process of transformation. Hence, the smart branch solutions will assist the customers to directly transact on the platform at their convenience.

 

On the occasion, Mr. Umesh Revankar, MD & CEO, STFC commented, “The smart branch by STFC envisions in filling the gap of providing timely and accessible one stop, 24X7 digital solutions for the customers and the field officials of STFC. We in turn also hope to make a positive contribution towards the national initiative of Digital India by taking smart branch to rural and semi rural market space of our country.” Read more

SHRIRAM AUTOMALL SALEM CONDUCTS BEST INAUGURATION DAY BUSINESS FOR FY 2017-18

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By Vivek K. Mobile: 09920183006 Email:indianshowbusiness@gmail.com

Shriram Automall India Limited (SAMIL), India’s largest Physical & Online Platform for transactions of used vehicles & equipment has inaugurated its 74th Automall facility in Salem with an aim to serve growing used vehicles and equipment in the city and nearby areas. Strategically located on NH-47, Coimbatore to Salem road, Shriram Automall (Salem) is the 7th facility in the Tamil Nadu Zone, 30th in the South Zone and in line with the aggressive expansion plan of the company. Read more

Shriram Transport Finance and Piramal Swasthya jointly announces the launch of Mobile Medical Van in Pune

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By Vivek K. Mobile: 09920183006 Email:indianshowbusiness@gmail.com

Shriram Transport Finance Company LTD (STFC), in collaboration with Piramal Swasthya, an initiative under the aegis of Piramal Foundation (the philanthropic arm of the Piramal Group), announced the launch of Mobile Medical Van in Pune. . The unique Primary Healthcare Programme, operating at strategic service points, endeavours to make quality primary healthcare services available, accessible and affordable especially to truck drivers, helpers and their families. Currently, 14 Mobile Medical Vans focused with serving an average of 644 truckers daily is operational across India, funded by STFC and managed by Piramal Swasthya. Read more

Over Rs. 10,000 Crs of Business Transacted across 73 Shriram Automall Platforms in 7 Years

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By Vivek K. Mobile: 09920183006 Email:indianshowbusiness@gmail.com

Shriram Automall India Limited (SAMIL), India’s largest physical and online platform for exchange of used vehicles and equipment, transacted over Rs. 10,000 crore across its 73 Automall platforms. The company achieved this feat by conducting around 5.8 lakh transactions and serving over 6.8 lakh customers. Read more

Shriram Automall conferred with ‘Best Employee Engagement Company in Service Sector’

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By Vivek K. Mobile: 09920183006 Email:indianshowbusiness@gmail.com

Shriram Automall India Limited (SAMIL) – India’s largest Service Provider for Exchange of Used Vehicles & Equipment has been recognized as the company having ‘Best Employee Engagement in Service Sector’, at Employee Engagement Leadership Awards 2018 organized by World HRD Congress & presented by ET Now at Taj Lands End, Mumbai. Read more