Shriram Finance Limited has informed the Exchange about Intimation of receipt of Listing & Trading Approval for 47,11,21,055 equity shares issued to MUFG Bank Ltd. on a preferential basis by the Company from the Stock Exchanges
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Shriram Finance has received listing and trading approval from NSE and BSE for 47,11,21,055 equity shares (face value Rs. 2 each) allotted to MUFG Bank Ltd. on a preferential basis at Rs. 840.93 per share (Rs. 2 face value plus Rs. 838.93 premium), raising approximately Rs. 3,962 crore. These shares were allotted following a board meeting on April 8, 2026, and will begin trading on both exchanges from April 13, 2026. The shares carry a lock-in period of six months, ending October 13, 2026, as per SEBI ICDR regulations. This completes the preferential allotment process to MUFG Bank, which strengthens Shriram Finance's capital base.
Shareholders should note a potential dilution of around 12-13% given the large number of new shares being listed, though the capital infusion from a strategic investor like MUFG Bank is generally seen as a positive signal. The 6-month lock-in means MUFG cannot sell these shares until October 13, 2026, which may limit near-term selling pressure.