India Ratings and Research has assigned stable rating to its Structured NCD for Rs 5000 crore.
Shriram Transport Finance Company (STFC) in an exchange filing after market hours yesterday announced that India Ratings and Research has assigned Provisional IND AAA(CE)/Stable Rating for Rs 5000 crore Structured Non-Convertible Debentures
On consolidated basis, STFC's net profit soared 25.4% to Rs 768.29 crore on 6.9% rise in total income to Rs 4,219.82 crore in Q2 September 2019 over Q2 September 2018.
STFC is an asset financing non-banking finance company. The firm is engaged in providing finance for commercial vehicles and other loans. The company operates through financing segment. It operates through a network of approximately 850 branches.
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