Latest news about Shriram Finance
Shriram Finance Revises AUM Growth Forecast Down to 15% from 18%
Kotak Institutional Equities Maintains 'Add' Rating on Shriram Finance with ₹1,100 Target Price
Shriram Finance
1,004.10
+39.70(+4.12%)
Company Performance:
View Company Insights1D+4.12%
1M+12.62%
6M+26.06%
1Y+59.67%
5Y+290.08%
More news about Shriram Finance
27Apr 26
Macquarie Group Maintains Outperform Rating on Shriram Finance with ₹1,220 Target Price
Macquarie Group maintains Outperform rating on Shriram Finance with ₹1,220 target price following Q4 PAT beat driven by strong operational expense control. The company targets ~18% AUM growth led by PV/CV segments, though faces challenges from softer MSME outlook and auto demand concerns. Credit costs remain a key monitorable factor amid cautious margin outlook during growth phase.
27Apr 26
Morgan Stanley Maintains Overweight Rating on Shriram Finance with ₹1,250 Target Price
Morgan Stanley maintains Overweight rating on Shriram Finance with ₹1,250 target price following strong earnings beat. The company demonstrated operational excellence with lower operating costs, credit costs of 1.9%, NII/NIM expansion, and PPOP beat. Despite higher QoQ stress, stable asset quality trends support robust profitability outlook.
27Apr 26
CLSA Upgrades Shriram Finance to Outperform with ₹1,150 Target Price on Strong Operational Performance
CLSA has upgraded Shriram Finance to Outperform with a ₹1,150 target price, citing a 3% PBT beat driven by lower operational expenses despite a slight NII miss. The company showed steady 15% AUM growth with expectations for high-teens acceleration following MUFG capital infusion. Asset quality remained stable with 1.9% credit costs, while NIMs demonstrated stability with limited further liquidity benefits expected.
27Apr 26
Nomura Issues Buy Rating for Shriram Finance with ₹1,200 Target Price Following Q4 Performance
Nomura has assigned a Buy rating to Shriram Finance with a ₹1,200 target price following an 8% Q4 profit beat driven by lower operational expenses and credit costs. The company provided FY27 loan growth guidance of 15-18% versus its 18% medium-term target, with strategic focus on new vehicle financing supported by lower funding costs. However, risks remain from fuel price volatility, weak monsoon conditions, and potential MSME sector disruptions.
27Apr 26
HSBC Maintains Buy Rating on Shriram Finance with ₹1,200 Target Price Following Q4 Earnings Beat
HSBC has maintained its Buy rating on Shriram Finance with a ₹1,200 target price following strong Q4 earnings that beat expectations due to effective cost control measures and improved RoA. While the brokerage expects growth to moderate to around 16% AUM CAGR amid macro risks, monsoon uncertainties, and weaker vehicle sales, it believes lower operating costs will help offset these challenges.
27Apr 26
Shriram Finance Plans to Double AUM to ₹7 Lakh Crore with MUFG Investment Support
Shriram Finance has unveiled plans to double its assets under management to ₹7 lakh crore with strategic support from MUFG's investment. This ambitious expansion represents a significant growth initiative for the financial services company in the Indian market.
25Apr 26
Shriram Finance Limited Announces Availability of Q4 FY 2025-2026 Earnings Call Audio Recording
Shriram Finance Limited has announced the availability of the audio recording for its Q4 FY 2025-2026 earnings call held on April 24, 2026, at 7 pm. The audio can be accessed through the company website at www.shriramfinance.in or via a direct link. The transcript will be uploaded subsequently. The disclosure was made by U Balasundararao, Company Secretary and Chief Compliance Officer.
25Apr 26
Shriram Finance Board Approves FY26 Results: Rs 6 Final Dividend & Key Appointments
Shriram Finance's Board of Directors approved comprehensive decisions including audited FY26 financial results, a final dividend of Rs 6.00 per share bringing total FY26 dividend to Rs 10.80, CEO re-appointment for 5 years, new MUFG director appointments, and resource mobilization plans for FY27.
25Apr 26
Shriram Finance Appoints MUFG Bank Nominees as Non-Executive Directors
Shriram Finance has appointed two senior MUFG Bank executives, Mr. Morihiko Fuji and Mr. Shinichi Fujinami, as Non-Executive Non-Independent Directors effective April 24, 2026. The appointments follow MUFG Bank's strategic investment in the company through the allotment of 47,11,21,055 equity shares under an agreement dated December 19, 2025. Both appointees bring extensive banking experience and will be subject to member approval at the next general meeting.
25Apr 26
Shriram Finance Schedules Committee Meetings for NCD Fund Raising Initiative
Shriram Finance Limited has scheduled committee meetings from May 01, 2026 to July 31, 2026 to consider raising funds through redeemable non-convertible debentures and subordinated bonds. The Banking and Finance Committee and Allotment Committee-NCDs will evaluate the issuance in onshore and offshore markets on private placement basis, subject to market conditions and SEBI regulatory compliance.
25Apr 26
Shriram Finance Confirms July 3 Record Date for ₹6 Final Dividend Payment
Shriram Finance has formally communicated to stock exchanges the confirmation of July 3, 2026 as the record date for its ₹6 final dividend payment, with book closure scheduled from July 4-10, 2026. This dividend recommendation follows robust financial performance in FY26, with standalone net profit growing 20.87% to ₹9,998.15 crores and strong quarterly results showing 40.86% growth in Q4 profit to ₹3,013.57 crores.
24Apr 26
Shriram Finance Approves Resource Mobilisation Plan for FY2026-27 Including Debt Issuance
Shriram Finance has approved its resource mobilisation plan for FY2026-27, which includes debt issuance as a strategic component. This proactive financial planning initiative positions the company to secure adequate funding for its operations and growth plans. The comprehensive plan demonstrates the company's commitment to maintaining strong liquidity and optimizing its capital structure for the upcoming fiscal year.
22Apr 26
Shriram Finance Conference Call Intimation for Q4FY26 Results on April 24, 2026
Shriram Finance Limited has formally notified stock exchanges about a conference call scheduled for April 24, 2026 at 7 PM IST to discuss Q4FY26 and full-year financial results. The call will feature senior management participation and follows the board meeting on the same day where audited financial results will be approved.
17Apr 26
Shriram Finance Promoter Entities File Transfer Restriction Disclosures Under MUFG Bank Agreement
Shriram Finance promoter and promoter group entities have filed regulatory disclosures regarding transfer restrictions on 47,76,30,880 shares (20.30% of total share capital) under a shareholders agreement with MUFG Bank Ltd. The restrictions include varying lock-in periods of 1-3 years and post-lock-in transfer limitations to restricted persons.
15Apr 26
RBI Grants In-Principle Approval to Shriram Finance Subsidiary for Primary Dealer Business
Shriram Finance has achieved a regulatory milestone with RBI's in-principle approval for its subsidiary Shriram Overseas Investments Limited to commence primary dealer business operations. The approval, received on April 15, 2026, is subject to fulfilling pending regulatory conditions and represents a strategic expansion into government securities market operations.
14Apr 26
Shriram Finance Gets Quadruple Rating Upgrades; Fitch Joins AAA Club with BBB- Rating
Shriram Finance achieves comprehensive rating upgrades from four major agencies including Fitch's BBB- upgrade and AAA ratings from ICRA, CRISIL, and India Ratings following MUFG Bank's strategic ₹39,618 crore investment for 20% stake. JPMorgan and Morgan Stanley maintain positive coverage with target prices of ₹1,180 and ₹1,325 respectively, citing improved funding costs and growth prospects.
13Apr 26
GIC Private Limited Reduces Shareholding in Shriram Finance Through Open Market Sale
GIC Private Limited disclosed a reduction in its Shriram Finance Limited shareholding from 4.287% to 4.276% through an open market sale of 266,269 equity shares on 9 April 2026. The transaction was conducted on behalf of Government of Singapore, while Monetary Authority of Singapore maintained its 0.783% holding unchanged. The disclosure was made under SEBI's substantial acquisition regulations, with the investment manager retaining power to exercise voting rights for the remaining 100,597,348 shares held across both entities.
11Apr 26
Shriram Finance Receives Stock Exchange Approval for MUFG Bank Share Allotment
Shriram Finance has completed its preferential share allotment to MUFG Bank Ltd., receiving final stock exchange approvals for trading commencement on April 13, 2026. MUFG Bank acquired 20.11% stake through allotment of 47,11,21,055 shares at ₹840.93 per share, with shares subject to six-month lock-in period under SEBI regulations.
08Apr 26
Shriram Finance Sees Rs. 41.75 Crore Block Trade on NSE at Rs. 1024.95 Per Share
Shriram Finance Ltd. recorded a major NSE block trade worth Rs. 41.75 crores involving approximately 407,340 shares at Rs. 1024.95 per share. The transaction reflects significant institutional investor activity in the financial services company's stock.
06Apr 26
Shriram Finance Limited Issues SEBI Compliance Certificate for Share Dematerialization Process
Shriram Finance Limited has issued a compliance certificate under SEBI Regulation 74(5) for successful dematerialization of share certificates. The company's RTA, Integrated Registry Management Services Private Limited, confirmed proper processing of 13 certificates totaling 22,485 shares during March 16-31, 2026. The compliance documentation was submitted to NSE, BSE, and both depositories, confirming adherence to all regulatory requirements including certificate mutilation, record updates, and depository registration processes.
02Apr 26
Shriram Finance Receives Substantial Penalty Reduction for FY 2018-19 and FY 2019-20
Shriram Finance Limited has received substantial penalty reductions from the Tamil Nadu Commercial Tax Officer through rectification orders dated March 30, 2026. The penalties for FY 2018-19 were reduced from Rs.13,03,53,551/- to Rs.70,42,822/-, while FY 2019-20 penalties dropped from Rs.24,06,19,502/- to Rs.1,02,20,890/-. These penalties were originally imposed on erstwhile Shriram City Union Finance Limited, which merged with the company in April 2022. The company has duly informed stock exchanges under SEBI Listing Regulations.
01Apr 26
HSBC Maintains Buy Rating on Shriram Finance, Cuts Target Price to Rs 1050 on Demand Concerns
HSBC maintains its Buy rating on Shriram Finance but cuts target price to Rs 1050 from Rs 1200 due to Middle East conflict-related demand concerns. The brokerage has reduced projections for AUM growth, margins and EPS while highlighting emerging liability and asset quality risks. Despite these concerns, Shriram Finance remains among HSBC's preferred NBFCs alongside Cholamandalam Investment and Finance and LIC Housing Finance, viewed as defensive sector plays.
26Mar 26
Shriram Finance Receives CCI Approval for MUFG Bank's Proposed Investment
Shriram Finance Limited has obtained Competition Commission of India approval on March 25, 2026, for MUFG Bank Ltd's proposed investment involving 47,11,21,055 equity shares through preferential allotment. The transaction is based on an Investment Agreement dated December 19, 2025, though completion remains subject to conditions precedent outlined in the agreement.
25Mar 26
Shriram Finance Opens Special Window for Physical Share Transfer and Dematerialisation
Shriram Finance Limited has opened a special window from February 05, 2026 to February 04, 2027 for transfer and dematerialisation of physical share certificates purchased before April 01, 2019. The initiative follows SEBI circular directives and was announced through newspaper advertisements published on March 25, 2026. Eligible shareholders can submit documents to Integrated Registry Management Services Private Limited, with transferred shares being credited in dematerialised form subject to a one-year lock-in period.
20Mar 26
Shriram Finance Limited Files SEBI Dematerialization Compliance Certificate for March 2026
Shriram Finance Limited filed its SEBI Regulation 74(5) certificate on March 20, 2026, confirming dematerialization compliance for 18 share certificates totaling 23,645 shares processed during March 1-15, 2026. The company's RTA, Integrated Registry Management Services Private Limited, completed all required verification and cancellation procedures within regulatory timelines.
20Mar 26
Shriram Finance Limited schedules investor meeting for March 25, 2026 at Jefferies India NBFC Access Day
Shriram Finance Limited has scheduled an investor meeting for March 25, 2026, at the Jefferies India 2nd NBFC Access Day in Mumbai. The event will feature three sessions with senior management engaging various institutional investors including Bajaj Allianz Life Insurance, Invesco, Tata AIG General Insurance, Azim Premji Trust, and LIC Mutual Fund Management. The company disclosed this information in compliance with SEBI Listing Regulations, emphasizing that discussions will be based on public domain information and investor presentations.
13Mar 26
Shriram Finance Subsidiary Applies for RBI Primary Dealer License
Shriram Finance's wholly owned subsidiary, Shriram Overseas Investments Limited, has submitted an application to the Reserve Bank of India for a Primary Dealer business license. This strategic move represents the company's expansion into India's government securities market, allowing direct participation in government bond auctions and contributing to debt capital market development.
11Mar 26
Shriram Finance Completes Divestment of Entire Stake in Singapore Subsidiary
Shriram Finance Limited completed the divestment of its 81.63% stake in Bharath Investments Pte. Limited, Singapore on March 11, 2026, for USD 172,000. The transaction was executed through subsidiary Shriram Overseas Investments Limited, with the buyer being Mr. Ali Junaid Abid, a Non-Resident Indian unrelated to the promoter group. Following this divestment, Bharath Investments ceased to be a step-down subsidiary, and Armour Insurance Services WLL in Bahrain also ceased to be an associate company. The divested entity had minimal financial impact, contributing 0.00% to turnover and representing only 0.01% of net worth during FY2025.
11Mar 26
Shriram Finance schedules analyst/investor meeting for March 16, 2026 at Morgan Stanley Virtual India Financials Seminar
Shriram Finance Limited has scheduled an analyst and investor meeting for March 16, 2026, at the Morgan Stanley Virtual India Financials Seminar. The virtual group meeting will begin at 8.30 AM and will be attended by senior management personnel. Over 70 prominent institutional investors including PIMCO, Schroders, HDFC Asset Management, and Kotak Mahindra Asset Management will participate. The meeting complies with SEBI Listing Regulations, 2015, and discussions will be based on investor presentations and public domain disclosures.
11Mar 26
Shriram Finance Allots 37,245 Equity Shares to 62 Employees Under ESOP Scheme
Shriram Finance Limited allotted 37,245 equity shares to 62 employees under its ESOP scheme on March 11, 2026, at an exercise price of Rs.38.71 per share. The allotment increased the company's paid-up share capital to Rs.3,76,31,30,742/- and total issued shares to 1,88,15,65,371. The newly issued shares rank pari-passu with existing shares and are listed on BSE and NSE with no lock-in restrictions.
06Mar 26
Shriram Finance Records Rs. 138.88 Crore Block Trade on NSE
Shriram Finance Limited executed a major block trade on NSE worth Rs. 138.88 crores involving approximately 1,358,864 shares at Rs. 1022.00 per share. The transaction indicates significant institutional activity and demonstrates substantial investor participation in the financial services company's equity.
27Feb 26
Shriram Finance Receives GST Penalties Worth ₹8.34 Crores for Three Financial Years
Shriram Finance Limited has received GST penalty orders totaling ₹8.34 crores from the Additional Commissioner of Central Tax for violations across FY2020-21 to FY2022-23. The penalties relate to non-payment of GST due to turnover adjustments and non-reversal of ineligible input tax credits. While the company states no material impact on operations, it is seeking tax consultant opinion on the matter.
23Feb 26
Shriram Finance schedules investor meetings at IIFL's 17th Enterprising India Global Investors' Conference
Shriram Finance Limited announced its participation in IIFL's 17th Enterprising India Global Investors' Conference on February 26, 2026, in Mumbai. The company will conduct three separate meeting sessions with institutional investors, including one-on-one and group meetings with prominent financial institutions such as Aditya Birla Sun Life AMC, UTI Mutual Fund, LIC Mutual Fund, and various other investment management companies. The disclosure was made pursuant to SEBI Listing Regulations, with discussions to be based on investor presentations and public domain information.
13Feb 26
Shriram Finance Receives CARE AAA Rating for ₹57,631 Crore Bank Facilities and Debentures
Shriram Finance Limited has received CARE AAA ratings with stable outlook from CARE Ratings Limited for financial instruments totaling ₹57,631.12 crore. The rating covers ₹50,000 crore in long-term/short-term bank facilities and ₹7,631.12 crore in non-convertible debentures. The AAA rating represents the highest degree of safety and lowest credit risk, reflecting the company's strong financial position and creditworthiness in the market.
13Feb 26
Shriram Finance Board Approves MUFG Bank Nominees Following RBI Confirmation
Shriram Finance has advanced its strategic partnership with MUFG Bank as the Board assessed and approved two Japanese nominees for director positions, following earlier RBI confirmation that eliminated regulatory hurdles for the proposed 47,11,21,055 equity share transaction.
03Feb 26
Shriram Finance Executes Rs. 30.31 Crore Block Trade on NSE
Shriram Finance Ltd. completed a major NSE block trade worth Rs. 30.31 crores, involving approximately 300,390 shares at Rs. 1008.90 per share. The transaction represents significant institutional trading activity and provides insight into institutional valuation of the company's equity.
01Feb 26
Shriram Finance Receives Rs 46.91 Lakh GST Penalty from Tamil Nadu Tax Authority
Shriram Finance Limited received a penalty order of Rs 46,91,115 from Commercial Tax Officer, Chennai South for FY 2022-23, relating to GST issues of erstwhile Shriram City Union Finance Limited. The penalty involves disallowance of input tax credit and credit note issues, with total tax demand also at Rs 46,91,115. The company states no material impact on operations while awaiting tax consultant opinion on the matter.
30Jan 26
Shriram Finance schedules investor conference for February 04, 2026 at ICICI Securities event
Shriram Finance Limited will participate in the ICICI Securities Investor Conference on February 04, 2026, in Singapore. The company has scheduled nine separate meetings with institutional investors and fund managers throughout the day, including sessions with Morgan Stanley, Government of Singapore, and various other prominent investment firms. All discussions will be based on investor presentations and public domain disclosures, with meetings conducted in different formats ranging from one-on-one to group sessions.
30Jan 26
Shriram Finance Records Rs. 34.47 Crore Block Trade on NSE
Shriram Finance Ltd. executed a major block trade on NSE involving 337,902 shares at Rs. 1020.00 per share, totaling Rs. 34.47 crores. The transaction demonstrates significant institutional activity and interest in the financial services company's stock through the specialized block trading mechanism.
28Jan 26
Shriram Finance Receives GST Penalty Orders Worth ₹1.56 Crore from Tamil Nadu Authorities
Shriram Finance Limited has received GST penalty orders totaling ₹1.56 crore from Tamil Nadu's Commercial Tax Officer for violations by erstwhile Shriram City Union Finance Limited. The penalties cover FY 2020-21 (₹1.05 crore) and FY 2021-22 (₹50.35 lakh) for disallowance of input tax credit and credit note issues. The company states no material financial impact and is seeking tax consultant opinion on the matter.
27Jan 26
Shriram Finance Co MD Reports Slowdown in Specific MSME Segments Due to Tariff Uncertainty
Shriram Finance's Co Managing Director has reported a slowdown in specific MSME segments, attributing this decline to tariff uncertainty. The development highlights challenges faced by smaller enterprises in the current policy environment and reflects broader concerns about business confidence in sectors sensitive to trade-related uncertainties.
23Jan 26
Shriram Finance Receives ₹24.06 Crore GST Penalty Order for FY 2019-20 Violations
Shriram Finance Limited received a penalty order of ₹24,06,19,502 from Commercial Tax Officer, Chennai South on January 23, 2026 for GST violations in FY 2019-20. The violations, committed by erstwhile Shriram City Union Finance Limited (amalgamated in 2022), include input tax credit disallowances and excess claims. The company reports no material operational impact and plans to file rectification applications for identified arithmetical errors in the order.
23Jan 26
Shriram Finance Board Approves Debt Securities Fundraising Plan for 2026
Shriram Finance's board has approved a strategic debt securities fundraising plan scheduled for execution between February 1 and April 30, 2026. The three-month window provides flexibility for optimal market timing while demonstrating the company's proactive approach to capital management and corporate governance.
23Jan 26
Shriram Finance Reports 29.4% Decline in Q3 Net Profit to ₹2,520 Crores
Shriram Finance announced Q3 net profit of ₹2,520 crores, down 29.4% from ₹3,570 crores in the same quarter last year. The results, while showing a significant year-on-year decline, exceeded analyst estimates of ₹2,400 crores by 5.0%. The ₹1,050 crore decrease in net profit highlights the operational challenges faced during the quarter.
21Jan 26
Shriram Finance Records ₹82.11 Crore Block Trade on NSE at ₹981 Per Share
Shriram Finance recorded a major block trade on NSE worth ₹82.11 crores involving approximately 837,034 shares at ₹981.00 per share. The transaction demonstrates significant institutional investor activity and highlights the stock's appeal among large-scale market participants through the block trade mechanism.
20Jan 26
Shriram Finance Executes ₹16.45 Crore Block Trade on NSE
Shriram Finance Ltd. completed a major block trade on NSE involving 163,794 shares at ₹1,004.50 per share, totaling ₹16.45 crores. The transaction represents significant institutional activity and demonstrates substantial market interest in the financial services company's stock.
20Jan 26
Shriram Finance Executes ₹29.65 Crore Block Trade on NSE at ₹1,002.80 Per Share
Shriram Finance Ltd. completed a major block trade on NSE worth ₹29.65 crores, involving 295,708 shares at ₹1,002.80 per share. This institutional transaction reflects significant market activity and demonstrates liquidity in the company's shares at the executed price level.
19Jan 26
Shriram Finance Schedules Conference Call on January 23, 2026 to Discuss Q3FY26 Financial Results
Shriram Finance Limited has scheduled a conference call for January 23, 2026 at 7:00 PM IST to discuss Q3FY26 financial results for the quarter ended December 31, 2025. The call will feature senior management including Executive Vice Chairman Umesh G Revankar, MD & CEO Parag Sharma, Joint MD & CFO S. Sunder, and Executive Director Sanjay K. Mundra. Stakeholders can access the call through provided dial-in numbers, and the transcript will be available on the company's website.
16Jan 26
Shriram Finance Board Meeting Scheduled for January 23, 2026 to Consider Q3FY26 Results and Resource Mobilisation
Shriram Finance Limited has scheduled a board meeting for January 23, 2026, to approve Q3FY26 financial results for the quarter and nine months ended December 31, 2025. The board will also consider a resource mobilisation plan for issuing debt securities including NCDs, subordinated debentures, and bonds through private placement or public issue in onshore and offshore markets.
16Jan 26
Shriram Finance Schedules Q3 Results Announcement for January 23
Shriram Finance Limited has scheduled January 23, 2025, for the consideration of its third quarter financial results. This announcement is part of the company's regular quarterly disclosure process, providing stakeholders with advance notice of the results review date.
16Jan 26
Shriram Finance Records ₹21.17 Crore Block Trade on NSE at ₹1000.15 Per Share
Shriram Finance Limited recorded a major block trade on NSE worth ₹21.17 crores involving 211,643 shares at ₹1000.15 per share. This institutional transaction highlights significant market activity and investor interest in the financial services company's stock.
14Jan 26
Shriram Finance Gets Shareholder Approval for $4.4 Billion MUFG Partnership Deal
Shriram Finance has received comprehensive shareholder approval for its strategic partnership with Japan's MUFG, marking the largest cross-border investment in India's financial sector at $4.4 billion. The deal enables MUFG to acquire a 20% stake with strong shareholder backing across all key proposals including share issuance, board representation, and trust payments.
14Jan 26
Shriram Finance: Almost All Shareholders Approve Special Rights for MUFG Under SEBI Rules
Shriram Finance has received overwhelming shareholder approval for granting special rights to MUFG (Mitsubishi UFJ Financial Group) under SEBI regulations. This significant corporate governance milestone strengthens the strategic partnership between the two financial institutions and is expected to enhance operational capabilities and governance standards.
14Jan 26
Shriram Finance Limited Shareholders Approve All Resolutions at Extra-Ordinary General Meeting
Shriram Finance Limited successfully conducted its Extra-Ordinary General Meeting on January 14, 2026, with shareholders approving all three resolutions with strong majority support. The meeting saw participation from 110 shareholders representing 46,99,18,538 equity shares, with voting conducted through video conferencing and electronic means. Key approvals included preferential equity issue (98.50% approval), special investor rights under SEBI regulations (99.46% approval), and non-compete payment to Shriram Ownership Trust (91.94% public shareholder approval).
14Jan 26
CRISIL Assigns AA+/Watch Positive Rating to Shriram Finance's ₹80,000 Crore Fixed Deposit Programme
CRISIL Ratings assigned 'AA+/Watch Positive' rating to Shriram Finance's ₹80,000 crore fixed deposit programme on January 14, 2026, following MUFG Bank's ₹39,618 crore investment announcement for 20% stake. The rating reflects the company's strong market position as India's second-largest retail NBFC with ₹2,81,309 crore AUM, healthy capitalisation with ₹60,404 crore networth, and improving asset quality metrics with Gross Stage 3 ratio at 4.60%.
13Jan 26
Shriram-MUFG Deal: Rating Agencies Upgrade While Proxy Advisors Raise Governance Concerns
The $4.4 billion Shriram Finance-MUFG deal has received positive ratings upgrades from Care Ratings (AAA), Icra (positive watch), and Moody's (positive outlook), with brokerages issuing bullish calls. However, proxy advisors SES and IiAS oppose key resolutions, citing governance concerns over control transfer mechanisms and a $200 million non-compete payment to promoters. Shareholders will vote on three critical resolutions on January 14, including share issuance, controlling rights, and the controversial non-compete arrangement.
13Jan 26
Shriram-MUFG Deal Tests Regulatory Rules on Non-Compete Fee for Promoters
MUFG's $4.4 billion investment in Shriram Finance includes a controversial $200 million non-compete fee to promoters who retain control, raising unprecedented regulatory questions. The arrangement differs from typical M&A transactions and has sparked debate about SEBI's equitable treatment requirements, with proxy advisors split on recommendations.
12Jan 26
Shriram Finance Records ₹46.80 Crore Block Trade on NSE at ₹966 Per Share
Shriram Finance Ltd. executed a major NSE block trade worth ₹46.80 crores involving approximately 484,439 shares at ₹966.00 per share. This substantial institutional transaction highlights significant market activity in the financial services company's equity, typically indicating portfolio rebalancing or strategic investment moves by large institutional participants.
10Jan 26
Moody's Affirms Shriram Finance Ba1 Rating, Revises Outlook to Positive on MUFG Bank Investment
Moody's has affirmed Shriram Finance's Ba1 rating while upgrading the outlook to positive following MUFG Bank's planned ₹396.00 billion investment for a 20% stake. The transaction, expected to close in 2026, will significantly strengthen the company's capital position with TCE/TMA ratio projected to increase from 19.00% to over 29.00%. Moody's expects improved profitability and reduced funding costs by 100 basis points over two years, while maintaining stable asset quality outlook.
10Jan 26
Moody's upgrades Shriram Finance outlook to positive, affirms Ba1 rating
Moody's has upgraded Shriram Finance's outlook to positive from stable while affirming its Ba1 rating, following MUFG Bank's planned ₹4.4 billion investment for a 20% stake. The transaction, expected to close in 2026, is projected to strengthen the company's capital base, improve funding diversity, and enhance risk management. Moody's expects significant metric improvements including debt maturity coverage ratio rising above 90% from 31% and capital ratios remaining above 20% over the next four to five years.
09Jan 26
Moody's Upgrades Shriram Finance Outlook to Positive Following MUFG Bank Investment
Moody's Ratings affirmed Shriram Finance's Ba1 rating and upgraded outlook to positive following MUFG Bank's ₹39,600 crore investment for 20% stake. The transaction will boost TCE/TMA ratio above 29% from 19%, among highest for Indian NBFCs. Moody's expects improved profitability with 100 basis points funding cost decline over two years and enhanced access to global funding channels.
09Jan 26
Shriram Finance Delivers 72% Returns in 2025 Driven by MUFG Partnership and Strong Fundamentals
Shriram Finance Limited delivered exceptional returns of 72.40% in 2025, making it one of the top performers in the Nifty 50 Index. The surge was driven by MUFG Bank's strategic ₹39,620 crore investment for a 20% stake, strong Q2 FY26 financial performance with 18% revenue growth to ₹11,912 crore, and 15.74% increase in AUM to ₹2,81,309.46 crore. With 3,225 branches serving 96.64 lakh customers and positive analyst targets ranging from ₹1,100 to ₹1,225, the company demonstrates strong fundamentals and growth prospects.
09Jan 26
Shriram Finance Allots 1,26,275 Equity Shares to 139 Employees Under ESOP Scheme
Shriram Finance Limited has allotted 1,26,275 equity shares to 139 employees under its ESOP scheme 2023 (No.1) at ₹38.71 per share on January 9, 2026. The allotment increased the company's paid-up share capital from ₹376.27 crores to ₹376.30 crores, with total issued shares reaching 188,14,88,376. The newly issued shares carry a face value of ₹2.00 each and will rank pari-passu with existing equity shares.
09Jan 26
Shriram Finance Records ₹25.56 Crore Block Trade on NSE at ₹985.55 Per Share
Shriram Finance Ltd. executed a major block trade on NSE worth ₹25.56 crores, involving approximately 259,387 shares at ₹985.55 per share. The transaction represents significant institutional activity in the NBFC's stock and indicates large-scale investor participation.
08Jan 26
Shriram Finance EGM to Vote on ₹39,618 Crore MUFG Investment Deal
Shriram Finance has scheduled an EGM on January 14 to vote on a ₹39,618.00 crore capital infusion from MUFG Bank through 20% stake dilution. Three proxy advisors recommend approval of all resolutions, including special rights for MUFG Bank and a $200 million non-compete fee. The deal represents one of India's largest cross-border financial services investments, with voting success dependent on strong institutional investor participation given the 75% approval threshold required.
02Jan 26
Shriram Finance Hits Record High Above ₹1,000 as CARE Upgrades Rating to AAA
Shriram Finance achieved a historic milestone by crossing ₹1,000 for the first time, supported by MUFG's $4.4 billion investment for 20% stake and CARE Ratings' upgrade to AAA from AA+. The company demonstrated strong financial performance with AUM growing to ₹2,81,309 crore and improved capital metrics, leading to positive analyst upgrades across major brokerages.
01Jan 26
Shriram Finance Details Growth Strategy Following $4.4B MUFG Investment Deal
Shriram Finance management outlined comprehensive growth strategies following MUFG's landmark $4.4 billion investment for 20% stake. The company targets accelerated growth of 18-20% annually, improved ROA of 3.60%, and expects 100 basis points reduction in funding costs over two years, supported by CARE's AAA rating upgrade.
01Jan 26
Shriram Finance Gets Dual Rating Watch Positive from ICRA and CRISIL on MUFG Deal
Shriram Finance has received dual positive rating actions from ICRA and CRISIL following board approval for MUFG Bank's ₹39,618 crore equity investment. Both rating agencies placed their AA+ ratings on Watch with Positive Implications, covering extensive debt instruments and bank facilities. The transaction will result in MUFG holding 20% stake and is expected to significantly strengthen the company's capitalisation profile with net worth crossing ₹1 lakh crore.
31Dec 25
Shriram Finance Receives ₹13.04 Crore GST Penalty Order for FY 2018-19 Violations
Shriram Finance Limited has received a penalty order of ₹13,03,53,551 from Commercial Tax Officer, Chennai South for FY 2018-19 GST violations. The violations include input tax credit issues, excess claims in GSTR-3B, and GST on leasehold improvements, related to erstwhile Shriram City Union Finance Limited. The total demand including tax, interest, and penalty amounts to ₹41.80 crores. The company states no material operational impact and is seeking tax consultant opinion on the matter.
31Dec 25
MCX Shares Rise 3% Near Record High Following Morgan Stanley's 66% Target Upgrade
MCX shares rose over 3% to ₹11,198, approaching their 52-week high of ₹11,218.45, after Morgan Stanley upgraded the stock to Equal Weight with a 66% target price increase to ₹11,135. The upgrade was driven by strong Average Daily Transaction Revenue momentum, particularly from gold and silver volatility contributing 55% to ADTR, with the brokerage raising EPS estimates by 15-24% across FY26-28.
31Dec 25
CARE Ratings Upgrades Shriram Finance to AAA Rating with Stable Outlook
CARE Ratings upgraded Shriram Finance's long-term rating from AA+ to AAA with stable outlook on December 29, 2025, one week after the MUFG deal announcement. Motilal Oswal expects similar upgrades from other rating agencies in coming quarters, which should reduce the company's cost of funds and improve financial metrics.
30Dec 25
Shriram Finance Receives AAA Credit Rating for Fixed Deposit Programme
Shriram Finance received AAA; Stable rating for its Fixed Deposit Programme from CARE Ratings on December 30, 2025, building on earlier credit rating upgrades across debt instruments following the strategic partnership with MUFG Bank worth ₹40,000 crores.
23Dec 25
Citigroup Issues Buy Rating for Shriram Finance with Target Price of ₹1,100
Citigroup has assigned a buy rating to Shriram Finance Limited with a target price of ₹1,100.00 per share. The recommendation reflects the global investment bank's positive outlook on the financial services company's business prospects and market position in the finance sector.
23Dec 25
Morgan Stanley Sets ₹925 Target for Shriram Finance
Morgan Stanley has reaffirmed its overweight rating on Shriram Finance, maintaining a target price of ₹925.00 per share. This rating suggests the investment bank expects Shriram Finance to outperform the market or its sector peers, reflecting confidence in the company's performance potential and strategic positioning.
22Dec 25
Shriram Finance Executive Confirms No Current Banking License Discussions
A Shriram Finance executive has officially confirmed that the company is not currently discussing or planning to become a bank, addressing ongoing market speculation. This clarification provides transparency to investors and stakeholders about the company's strategic direction, emphasizing its commitment to its existing financial services business model.
22Dec 25
CLSA Raises Shriram Finance Target Price to ₹1,030 from ₹840, Maintains Outperform Rating
Global brokerage firm CLSA has significantly increased its target price for Shriram Finance from ₹840 to ₹1,030, while maintaining an Outperform rating. This substantial revision of ₹190 in the target price indicates CLSA's heightened confidence in Shriram Finance's financial performance and growth prospects. The Outperform rating suggests that CLSA expects Shriram Finance to outperform the broader market or sector average.
22Dec 25
Jefferies Raises Shriram Finance Target to ₹1,080, Maintains Buy Rating
Jefferies has reiterated its Buy rating on Shriram Finance while increasing the target price to ₹1,080.00. This decision reflects the brokerage's positive outlook on the company's business performance and market position in the financial services sector. The upward revision in target price suggests Jefferies' confidence in Shriram Finance's fundamentals and growth potential.
22Dec 25
Nomura Raises Shriram Finance Target to ₹1,140, Maintains Buy Rating
Nomura has reaffirmed its Buy rating on Shriram Finance while increasing the target price to ₹1,140. This upgrade reflects the brokerage's positive outlook on the company's performance and growth prospects in the financial services sector.
19Dec 25
Shriram Finance Sees ₹91.17 Crore Block Trade on NSE at ₹860.80 Per Share
A significant block trade of Shriram Finance Limited shares occurred on the National Stock Exchange (NSE). The transaction involved 1,059,080 shares at ₹860.80 per share, totaling ₹91.17 crores. This large-volume trade indicates substantial institutional investor activity in the financial services sector.
18Dec 25
Shriram Finance Clarifies MUFG Investment Rumors, Board Meeting Set for December 19
Shriram Finance has officially responded to market rumors about a potential $5 billion investment by Japan's Mitsubishi UFJ Financial Group (MUFG) for a 20% stake. The company clarified that no binding agreement currently exists with MUFG. Shriram Finance has scheduled a board meeting for December 19 to discuss fund raising initiatives, indicating active exploration of capital raising options without specific commitments.
18Dec 25
Shriram Finance Clarifies No Formal Agreement Exists With MUFG for $5 Billion Investment; Board Meeting Set for December 19, 2025
Shriram Finance has clarified that no formal agreement exists with MUFG for a rumored $5 billion investment for 20% stake, addressing market speculation. The company has scheduled a board meeting for December 19, 2025, to discuss fundraising strategies and evaluate potential investment opportunities. This transparent communication aims to provide clarity to investors amid widespread rumors about the significant foreign investment deal.
17Dec 25
Shriram Finance Receives ₹27.71 Lakh GST Penalty Order from Uttar Pradesh Tax Authorities
Shriram Finance Limited has received a penalty order from Uttar Pradesh tax authorities for GST violations by its erstwhile subsidiary. The order, issued on December 16, 2025, demands a total of ₹6.93 crore, including ₹2.77 crore in tax, ₹1.89 crore in interest, and ₹27.71 lakh in penalties. The violations include short payment of GST, non-payment under reverse charge, and ineligible Input Tax Credit claims. The company is awaiting a tax consultant's opinion and states there are no material impacts on its operations.
16Dec 25
Shriram Finance Board to Meet on Dec 19 for Fundraising
Shriram Finance's board of directors will meet on December 19, 2025, to explore potential fundraising opportunities through equity or securities offerings. This strategic initiative aims to evaluate various capital raising options, demonstrating the company's proactive approach to financial management and possible expansion plans.
15Dec 25
MUFG Plans Over 500 Billion Yen Investment for 20% Stake in Shriram Finance
Japanese financial giant MUFG has confirmed its investment plans of over 500 billion yen to acquire approximately 20% stake in Shriram Finance. This represents one of the largest foreign investments in India's non-banking financial company sector, positioning MUFG as a major strategic partner and reflecting strong international confidence in India's financial services growth potential.
03Dec 25
Shriram Finance Shareholders Approve Key Leadership Changes and Rs 35,000 Crore Debenture Issuance
Shriram Finance shareholders approved several important resolutions via postal ballot. Mr. Parag Sharma will be re-designated as Managing Director & CEO from December 5, 2025. Mr. Sunder Subramanian has been appointed as Director and will serve as Joint Managing Director & CFO. The company received approval to issue debentures up to Rs 35,000 crores on a private placement basis. Shriram Finance's financial position shows strong growth with total assets increasing by 23.71% year-over-year to Rs 293,533.00 crore.
24Nov 25
Shriram Finance Allots Rs 250 Crore NCDs at 9.15% Coupon Rate
Shriram Finance Limited has allotted 25,000 Non-Convertible Debentures (NCDs) worth Rs 250 crore. The NCDs offer a 9.15% annual coupon rate, with interest payable annually and maturity set for January 19, 2029. The funds will be used for augmenting long-term resources, onward lending, refinancing existing debt, meeting working capital needs, and other corporate purposes. This move aligns with the company's growth, as reflected in its 23.71% year-over-year increase in total assets to Rs 293,533 crore.
17Nov 25
Shriram Finance Distributes Rs 4.80 Per Share Interim Dividend
Shriram Finance Limited has successfully distributed its interim dividend for FY 2025-26. The dividend rate was 240%, amounting to Rs 4.80 per share with a face value of Rs 2. The record date was November 7, 2025, and the payment was completed on November 17, 2025, ahead of the November 30 deadline. Shareholders listed in the Register of Members as of the record date were eligible. The distribution complies with SEBI regulations and reflects the company's commitment to shareholder value.
14Nov 25
Shriram Finance Soars to Record High of Rs 838, Gains Over 20% in a Month
Shriram Finance's stock reached a record high of Rs 838 on November 12, 2025, rallying over 20% in the past month and 30% in the last three months. The company received two GST penalty orders totaling approximately Rs 14.92 lakh. Shriram Finance has scheduled investor meetings on November 19, 2025, as part of the Morgan Stanley Twenty-Fourth Annual Asia Pacific Summit in Singapore.
11Nov 25
Shriram Finance Boosts Employee Ownership with 1.71 Lakh Equity Share Allotment
Shriram Finance Limited has allotted 171,984 equity shares to 120 employees under its Employee Stock Option Scheme 2023 (No.1). The allotment, made on November 11, 2025, was at an exercise price of Rs. 38.71 per share, with a face value of Rs. 2.00 and a premium of Rs. 36.71. This action increased the company's paid-up share capital from Rs. 3,76,22,16,380.00 to Rs. 3,76,25,60,348.00, and the total issued shares from 188,11,08,190 to 188,12,80,174. The newly issued shares will rank pari-passu with existing shares.
05Nov 25
Shriram Finance Reports 11.39% PAT Growth in Q2FY26, Declares ₹4.8 Interim Dividend
Shriram Finance Limited reported strong Q2FY26 results with profit after tax (PAT) rising 11.39% YoY to ₹2,307.18 crores. Assets under management grew 15.74% to ₹2,81,309.46 crores. Net interest income increased by 11.77% to ₹6,266.84 crores, while net interest margin slightly decreased to 8.19%. Asset quality improved with gross stage 3 assets falling to 4.57% from 5.32%. The company declared an interim dividend of ₹4.8 per share. Disbursements grew 10.24% YoY to ₹43,019.17 crores. Management expects higher growth in Q3FY26, driven by strong October demand across vehicle segments.
03Nov 25
Shriram Finance Refutes Moneycontrol Reports, Cites Market Forces for Price Movement
Shriram Finance Limited has issued a clarification refuting recent reports by Moneycontrol as factually incorrect. The company stated that the increase in its share price on November 3, 2025, was entirely market-driven and not influenced by the management. Shriram Finance had previously issued a similar clarification on October 1, 2025. The company reaffirmed its commitment to good corporate governance and prompt disclosure of material information to stock exchanges.
03Nov 25
MUFG in Talks to Acquire 20% Stake in Shriram Finance
Shriram Finance, a leading Indian NBFC, is in advanced discussions with Mitsubishi UFJ Financial Group (MUFG) regarding a potential 20% stake acquisition. The deal could strengthen MUFG's presence in India and provide Shriram Finance with global expertise and capital. Shriram Finance recently held a board meeting to approve resolutions, including key appointments and the issuance of debt securities. The potential partnership could lead to capital infusion and market expansion opportunities for both entities.
03Nov 25
Shriram Finance Shares Surge 6% on Strong Q2 Results and Positive Broker Ratings
Shriram Finance Ltd (SFL) shares jumped 6% to Rs 794.70 following robust Q2 FY24 results. The NBFC reported a 7% YoY increase in consolidated net profit to Rs 2,314 crore. Total income rose 18% to Rs 11,921 crore, while interest income grew 17.7% to Rs 11,551 crore. Assets Under Management (AUM) increased by 15.7% to Rs 281,000 crore. Asset quality improved with gross NPAs declining to 4.57% from 5.32% and net NPAs reducing to 2.49% from 2.64%. Several brokerages maintained positive ratings on SFL, with target prices ranging from Rs 750 to Rs 870.
31Oct 25
Shriram Finance Reports 11.39% PAT Growth in Q2, Declares Interim Dividend
Shriram Finance Limited (SFL) announced Q2 results with 11.39% YoY increase in PAT to Rs. 2,307.18 crores. NII grew 11.77% to Rs. 6,266.84 crores. AUM rose 15.74% to Rs. 2,81,309.46 crores. Board declared 240% interim dividend. Asset quality showed mixed results with marginal decrease in Gross Stage 3 assets but 10.10% increase in Net Stage 3 assets. Commercial Vehicles remain the largest segment at 45.55% of AUM.
31Oct 25
Shriram Finance Reports 15.74% Growth in Assets Under Management
Shriram Finance Limited announced significant growth for Q2 ended September 30, 2023. Total Assets Under Management (AUM) increased by 15.74% year-over-year to Rs. 2,813,094.60 million. Net Interest Income rose by 11.77% to Rs. 62,668.40 million, while Profit After Tax grew by 11.39% to Rs. 23,071.80 million. The company maintained stable asset quality with a slight decrease in Gross Stage 3 assets. Commercial Vehicles segment led the AUM break-up at 45.55%. The Board declared an interim dividend of 240%, amounting to Rs. 4.80 per equity share.
Industry Peers
Bajaj FinanceShriram Finance
Jio Financial Services
Cholamandalam Investment
Muthoot Finance
SBI Cards
Sundaram Finance
M&M Financial Services
Authum Inv & Infr
Poonawalla Fincorp
980.75
(+2.31%)
1,004.10
(+4.12%)
252.44
(+1.61%)
1,711.90
(+3.29%)
3,533.60
(+2.53%)
649.65
(+0.62%)
4,699.70
(+2.31%)
327.35
(+7.13%)
474.35
(+4.72%)
451.70
(+2.89%)
Get More Market Insights with
we are part of Raise Financial Services
built with love
for indians who love to invest & trade
Market Community
Follow us on
