SHRIRAMFIN

March 17 (Reuters) - Shriram Finance Ltd SHMF.NS:

• SHRIRAM FINANCE LTD - RAISES OVER USD 306 MILLION FROM DEVELOPMENT FINANCIAL INSTITUTIONS

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Corrects to Thursday from Wednesday in first paragraph

Feb 27 (Reuters) - Shares of most Indian financial companies, especially those of non-bank and microfinance-focussed lenders, jumped on Thursday after the central bank further eased its capital requirements for micro loans and bank credit.

Financial stocks .NIFTYFIN, which include non-bank finance companies (NBFCs), jumped about 1%, outpacing the 0.7% increase in banking stocks .NSEBANK. The benchmark Nifty 50 .NSEI, in comparison, was flat.

The Reserve Bank of India, on Tuesday, trimmed the higher capital requirements introduced in November, the latest in a series of growth-supportive measures since Sanjay Malhotra took over as governor in December.

Under his watch, the RBI has eased liquidity, delayed some regulations and loosened restrictions placed on some lenders.

"We think this bodes well for the financial sector and lays more emphasis on consumption and growth ... and (we) reiterate our bullish view," Macquarie analyst Suresh Ganapathy said in a note.

On the day, Bandhan Bank BANH.NS gained 6%, while Shriram Finance SHMF.NS, AU Small Finance Bank AUFI.NS and Ujjivan Small Finance Bank UJJI.NS rose about 5% each.

Cholamandalam Investment and Finance CHLA.NS and Aditya Birla Capital ADTB.NS advanced 4.5% each. Bajaj Finance BJFN.NS rose 2.7% and IndusInd Bank INBK.NS gained 2%.

In comparison, top private lenders such as ICICI Bank ICBK.NS and HDFC Bank HDBK.NS were up under 1%.

The RBI's move should help most NBFCs' earnings, Morgan Stanley analysts said, picking Aditya Birla Capital, PNB Housing, Shriram Finance and Bajaj Finance as top beneficiaries.

Nomura analysts said banks with higher microfinance loan exposure, such as Bandhan Bank, IndusInd and AU Small Finance Bank, would also get much needed relief.

Since the rules were implemented in November, Aditya Birla Capital's shares had slid 16%, while AU Small Finance Bank and IndusInd Bank sank 28% and 31%, respectively. The worst hit, with a 38% tumble, was Bandhan Bank -- the day's top gainer.

However, Axis Bank Chief Economist Neelkanth Mishra cautioned that a reversal in the broad-based slide in loan growth -- caused by high liquidity costs and the RBI's discomfort with high loan-to-deposit ratios -- could take time.

"While these (RBI) signals should help revive lending, we believe the binding constraint remains durable liquidity."

(Reporting by Sethuraman NR; Editing by Savio D'Souza)

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Feb 14 (Reuters) - Shriram Finance Ltd SHMF.NS:

• RBI: IMPOSES PENALTY OF 580,000 RUPEES ON SHRIRAM FINANCE

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Feb 13 (Reuters) - Shriram Finance Ltd SHMF.NS:

• AVAILS SACE EXTERNAL COMMERCIAL BORROWING LOAN FACILITY

• RAISES OVER USD 500 MILLION EQUIVALENT SACE COVERED LOAN FACILITY

Source text: ID:nNSE8zVpty

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By Siddhi Nayak

MUMBAI, Feb 11 (Reuters) - Indian non-bank lender Shriram Finance SHMF.NS aims to boost its green portfolio 20-fold over the next three years as it diversifies its loan book, a top official said on Tuesday.

"We are planning to add solar panels and similar sectors to our portfolio," Executive Vice Chairman Umesh Revankar said in an interview.

Shriram Finance aims for a green financing book of 50 billion rupees (about $576 million) against about 2.5 billion rupees to 3 billion rupees right now, which comprises small-ticket two-wheeler and three-wheeler vehicle loans.

Green finance, which is financing of businesses that support environmentally friendly and sustainable projects, has struggled to pick up in India due to limited awareness, high transaction costs, and limited access to affordable green technologies.

The government provides tax incentives and subsidies for renewable energy projects, which make them more attractive to lenders.

For Shriram Finance, the electric vehicle and battery segments are likely to grow given the new offerings in the market, Shriram Finance's Revankar said.

The non-bank finance company aims to double its overall loan book as well as its assets under management (AUM) by 2030, he said.

Shriram's total loans stood at 2.51 trillion rupees at December-end while the AUM was at 2.54 trillion rupees.

Assets under management should rise 15% in both the current and next financial years, the official said, as the firm focusses on medium and small enterprises while issuing more vehicle and tractor loans, Revankar said.

"We want to understand those (small) businesses, the ability to repay and how to manage collections," he said. "We want to grow this business at a minimum 20% next year onwards."

Small business loans made up nearly 14% of Shriram Finance's AUM in the October-to-December quarter, while commercial and passenger vehicle loans made up about 46% and 20%, respectively.

Shriram Finance may look to tap the dollar bond route for at least $750 million in the next fiscal year depending on market conditions, Revankar said.

($1 = 86.7480 Indian rupees)

(Reporting by Siddhi Nayak; Editing by Mrigank Dhaniwala)

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Jan 24 (Reuters) - Shriram Finance Ltd SHMF.NS:

• SHRIRAM FINANCE Q3 INTEREST INCOME 103.41 BILLION RUPEES

• SHRIRAM FINANCE DIVIDEND 2.5 RUPEES PER SHARE

• SHRIRAM FINANCE Q3 PROFIT 35.70 BLN RUPEES

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Jan 16 (Reuters) - QATAR INVESTMENT AUTHORITY:

• QIA INVESTS IN ONE OF INDIA’S AFFORDABLE HOUSING FINANCE COMPANIES, ALONGSIDE WARBURG PINCUS AND OTHERS

• SHRIRAM HOUSING FINANCE​ ANNOUNCED LAUNCH OF ITS NEW BRAND IDENTITY - TRUHOME FINANCE

• AS PART OF AGREEMENT, SHRIRAM FINANCE GROUP RECEIVED AN INVESTMENT OF ₹1,225 CRORE

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MUMBAI, Jan 13 (Reuters) - India's Shriram Finance SHMF.NS has accepted bids worth 7.85 billion rupees ($90.9 million) for the reissue of 9.10% March 2027 and 8.9043% January 2030 bonds, three merchant bankers said on Monday.

The non-banking finance company had invited bids from bankers and investors for the reissues on Friday, they said.

Shriram Finance did not immediately reply to a Reuters email seeking comment.

Here is the list of deals reported so far on Jan. 13:

*Size includes base plus greenshoe for some issues

($1 = 86.3550 Indian rupees)

(Reporting by Dharamraj Dhutia
Editing by Eileen Soreng)

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MUMBAI, Jan 9 (Reuters) - India's Shriram Finance SHMF.NS plans to raise an aggregate of 17 billion rupees ($197.9 million), including a greenshoe option of 12.50 billion rupees, through the reissue of 9.10% March 2027 and 8.9043% January 2030 bonds, three merchant bankers said on Thursday.

The non-banking finance company has invited bids from bankers and investors for the reissues on Friday, they said.

Shriram Finance did not immediately reply to a Reuters email seeking comment.

Here is the list of deals reported so far on Jan. 9

*Size includes base plus greenshoe for some issues

($1 = 85.9180 Indian rupees)

(Reporting by Dharamraj Dhutia
Editing by Eileen Soreng)

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MUMBAI, Jan 3 (Reuters) - India's Shriram Finance SHMF.NS has accepted bids worth 5.10 billion rupees ($59.47 million) for bonds maturing in five years, three merchant bankers said on Friday.

The non-banking finance company will pay an annual coupon of 8.9043% on this issue and had invited bids from bankers and investors earlier in the day, they said.

Shriram Finance did not immediately reply to a Reuters email seeking comment.

Here is the list of deals reported so far on Jan. 3:

*Size includes base plus greenshoe for some issues

($1 = 85.7630 Indian rupees)

(Reporting by Dharamraj Dhutia; Editing by Mrigank Dhaniwala)

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MUMBAI, Jan 2 (Reuters) - India's Shriram Finance SHMF.NS plans to raise 10 billion rupees ($116.59 million), which includes a greenshoe option of 7.50 billion rupees, through the sale of bonds maturing in five years, three merchant bankers said on Thursday.

The non-banking finance company has invited bids from bankers and investors on Friday, they said.

Shriram Finance did not immediately reply to a Reuters email seeking comment.

Here is the list of deals reported so far on Jan. 2

*Size includes base plus greenshoe for some issues

($1 = 85.7725 Indian rupees)

(Reporting by Dharamraj Dhutia; Editing by Mrigank Dhaniwala)

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Dec 20 (Reuters) - Shriram Finance Ltd SHMF.NS

• SHRIRAM FINANCE EXEC: ANNOUNCES LAUNCH OF SHRIRAM GREEN FINANCE

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MUMBAI, Dec 19 (Reuters) - India's Shriram Finance SHMF.NS plans to raise 5 billion rupees ($58.8 million), which includes a greenshoe option of 4 billion rupees, through the sale of bonds maturing in three years and one month, three merchant bankers said on Thursday.

The non-banking finance company will pay an annual coupon of 8.90% on this issue and has invited bids from bankers and investors on Friday, they said.

Shriram Finance did not immediately reply to a Reuters email seeking comment.

Here is the list of deals reported so far on Dec. 19:

*Size includes base plus greenshoe for some issues

($1 = 85.0675 Indian rupees)

(Reporting by Dharamraj Dhutia
Editing by Eileen Soreng)

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Dec 18 (Reuters) - Shriram Finance Ltd SHMF.NS:

• RAISES USD 1.28 BILLION IN MULTI-CURRENCY ECB LOAN

• DEAL EXECUTED WITH 12 LEADING BANKS, TENORS UP TO FIVE YEARS

Source text: ID:nNSELJbX8

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Dec 11 (Reuters) - Shriram Finance Ltd SHMF.NS:

• SHRIRAM FINANCE LTD - CONCLUDES TRANSFER OF SHRIRAM HOUSING FINANCE LIMITED TO WARBURG PINCUS

• SHRIRAM FINANCE LTD - SALE CONSIDERATION OF 39.29 BILLION RUPEES

Source text: ID:nNSE9m5NWg

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Dec 10 (Reuters) - Shriram Finance Ltd SHMF.NS:

• SHAREHOLDING IN SHRIRAM HOUSING FINANCE INCREASED TO 84.44% FROM 83.76%

Source text: ID:nBSE4cTBqV

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Nov 29 (Reuters) - Shriram Finance Ltd SHMF.NS:

• ACQUIRED 40,000 CONVERTIBLE DEBENTURES OF SHRIRAM HOUSING FINANCE

• ACQUIRED CONVERTIBLE DEBENTURES OF SHRIRAM HOUSING FINANCE FOR 4.24 BILLION RUPEES

Source text: ID:nBSE2HZFKq

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** India's NSE Nifty 50 .NSEI and BSE Sensex .BSESN advance 1.3% and 1.4% respectively

** ICICI Bank ICBK.NS, 3rd heaviest Nifty stock, gains 4% on Q2 profit beat

** Shriram Finance SHMF.NS jumps 6% after Q2 profit rise

** SHMF, ICBK top two pct gainers on Nifty 50

** All 13 indexes gain, led by 3.2% rise in state-run banks .NIFTYPSU

** Bank of Baroda's BOB.NS 5% jump post results lift PSU banks

** On the flip side, Coal India COAL.NS drops 4%, most on Nifty, after Q2 earnings miss

** Solar panel maker Waaree Energies WAAN.NS soars 75% in trading debut

(Reporting by Hritam Mukherjee in Bengaluru)

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Oct 25 (Reuters) - Shriram Finance Ltd SHMF.NS:

• SHRIRAM FINANCE Q2 PROFIT 20.71 BILLION RUPEES, IBES EST. 20.85 BILLION RUPEES

• SHRIRAM FINANCE Q2 INTEREST INCOME 98.15 BLN RUPEES

• SHRIRAM FINANCE LTD - DIVIDEND 22 RUPEES/SHR

• SHRIRAM FINANCE APRROVES SHARE SPLIT IN 5:1 RATIO

• SHRIRAM FINANCE APPROVES FUND RAISE WORTH 350 BILLION RUPEES

• SHRIRAM FINANCE - FUND RAISE VIA ISSUE NON-CONVERTIBLE DEBENTURES

• SHRIRAM FINANCE - TO SPLIT EACH SHARE INTO FIVE

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MUMBAI, Oct 22 (Reuters) - India's Shriram Finance SHMF.NS plans to raise 20 billion rupees ($237.96 million), including a greenshoe option of 14 billion rupees, through the sale of bonds maturing in three years and through the reissue of 9.15% January 2029 bonds, three merchant bankers said on Tuesday.

The non-banking finance company has invited bids from bankers and investors for the issue on Wednesday, they said.

The company did not immediately reply to a Reuters email seeking comment.

Here is the list of deals reported so far on Oct. 22:

*Size includes base plus greenshoe for some issues

($1 = 84.0470 Indian rupees)

(Reporting by Dharamraj Dhutia
Editing by Eileen Soreng)

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MUMBAI, Sept 27 (Reuters) - India's Shriram Finance SHMF.NS has accepted bids worth 8.01 billion rupees ($95.72 million)for the reissue of bonds maturing in May 2026, June 2026 and May 2029, three merchant bankers said on Friday.

The non-banking finance company had invited bids from bankers and investors for the issue on Thursday, they said.

Here is the list of deals reported so far on Sept 27:

*Size includes base plus greenshoe for some issues

($1 = 83.6800 Indian rupees)

(Reporting by Dharamraj Dhutia; Editing by Nivedita Bhattacharjee)

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MUMBAI, Sept 26 (Reuters) - India's Shriram Finance SHMF.NS plans to raise 11.50 billion rupees ($137.50 million), including a greenshoe option of 7.50 billion rupees through reissue of bonds maturing in May 2026, June 2026 and May 2029, three merchant bankers said on Thursday.

The non-banking finance company has invited bids from bankers and investors for the issue later in the day, they said.

Here is the list of deals reported so far on Sept. 26:

* Size includes base plus greenshoe for some issues

($1 = 83.6380 Indian rupees)

(Reporting by Dharamraj Dhutia; Editing by Sherry Jacob-Phillips)

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MUMBAI, Sept 25 (Reuters) - India's Shriram Finance SHMF.NS has accepted bids worth $500 million for its dollar-denominated bonds maturing in three years and six months, two merchant bankers said on Wednesday.

The shadow lender will pay a coupon of 6.15%, which was lower than the initial guidance of 6.50% provided by the issuer, the bankers said.

The issue received bids of around $1.2 billion. The senior notes will be rated BB by S&P and Fitch, in line with the issuer's rating.

The bankers requested to not be named as they are not authorized to speak to media.

Barclays, BNP Paribas, Citigroup, DBS Bank, Deutsche Bank, Emirates NBD Bank, HSBC, JP Morgan, MUFG, SMBC Nikko and Standard Chartered are the lead managers for the issue.

(Reporting by Dharamraj Dhutia; Editing by Mrigank Dhaniwala)

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MUMBAI, Sept 24 (Reuters) - India's Shriram Finance SHMF.NS plans to raise $500 million through the sale of dollar-denominated bonds maturing in three years and six months, two merchant bankers said on Tuesday.

The shadow lender has provided an initial guidance of 6.50% for the coupon and has received bids worth over $1 billion so far, the bankers added.

The coupon would be finalised later in the day or early on Wednesday, they said.

The bankers requested to not be named as they are not authorized to speak to the media.

Barclays, BNP Paribas, Citigroup, DBS Bank, Deutsche Bank, Emirates NBD Bank, HSBC, JP Morgan, MUFG, SMBC Nikko and Standard Chartered are the lead managers for the issue.

The senior notes will be rated BB by S&P and Fitch, in line with the issuer's rating.

(Reporting by Dharamraj Dhutia; Editing by Mrigank Dhaniwala)

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Sept 23 (Reuters) - Shriram Finance Ltd SHMF.NS:

• SHRIRAM FINANCE- ISSUANCE OF DEBT SECURITIES VIA PUBLIC/PRIVATE ISSUE UNDER EXISTING $3.5 BILLION

Source text for Eikon: ID:nBSE6llpz7

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MUMBAI, Aug 29 (Reuters) - India's Shriram Finance SHMF.NS plans to raise 28 billion rupees ($333.67 million) including a greenshoe option of 20 billion rupees, through the sale of two year and nine month as well as three years bonds, two merchant bankers said on Friday.

The non-banking finance company has invited bids from bankers and investors for the issues on Friday, they said.

Here is the list of deals reported so far on Aug. 29:

*Size includes base plus greenshoe for some issues

($1 = 83.9150 Indian rupees)

(Reporting by Dharamraj Dhutia; Editing by Nivedita Bhattacharjee)

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Adds details on overseas borrowing in paragraphs 2-3, assets growth guidance in paragraph 9

By Nishit Navin

BENGALURU, Aug 27 (Reuters) - Indian non-banking lender Shriram Finance SHMF.NS plans to raise up to $1.5 billion from the overseas market in the current fiscal year in a bid to diversify borrowings, its chief executive told Reuters on Tuesday.

"We are targeting to raise anywhere between $1.25 billion to $1.5 billion (in fiscal year 2024-25)" through a mix of loans and bonds, CEO and Managing Director Y S Chakravarti said.

Of this, the lender has already raised $300 million and is planning to raise another $300 million-$350 million in the next couple of months. The fiscal year ends on March 31.

Last November, India's central bank had asked all lenders to set aside more capital on loans given to non-banking financial companies, such as Shriram Finance, which made raising funds from local banks more expensive.

Analysts have said that non-bank lenders with higher dependency on domestic banks are facing funding constraints following the Reserve Bank of India order.

However, Shriram Finance, which provides loans for buying commercial vehicles and to small and medium sized firms, has not seen any funding pressure due to its higher credit rating and multiple sources of borrowing, Chakravarti said.

"It's the smaller players and the companies that are rated below AA which are getting squeezed. For us, it's not too much of a concern because my entire bank borrowing in my total liability portfolio is about 24%-25%," Chakravarti said.

As of June end, Shriram Finance's loans from banks accounted for 24.8% of its total borrowings, while borrowing via foreign currency loans and bonds accounted for 8.3% and 5.8%, respectively.

The company expects its assets under management to grow around 15%-16% in the quarter ending Sept. 30, slower than the 21% growth in the previous quarter, which was driven by higher lending in the large ticket new-vehicle segment.

(Reporting by Nishit Navin; Editing by Sonia Cheema, Savio D'Souza and Mrigank Dhaniwala)

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Aug 22 (Reuters) - Shriram Finance Ltd SHMF.NS:

• SHRIRAM FINANCE - CCI APPROVED ACQUISITION OF UP TO 99.91% OF SHARE CAPITAL OF SHFL

• SHRIRAM FINANCE - CCI APPROVES ACQUISITION OF 99.91% STAKE OF SHFL BY MANGO CREST INVESTMENT

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Aug 19 (Reuters) - Shriram Finance Ltd SHMF.NS:

• BOFA SECURITIES EUROPE BOUGHT 296,373 SHARES OF SHRIRAM FINANCE VIA BLOCK DEAL - EXCHANGE DATA

• SOCIETE GENERALE BOUGHT 296,372 SHARES OF SHRIRAM FINANCE VIA BLOCK DEAL - EXCHANGE DATA

Source text for Eikon: [ID:]

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Aug 8 (Reuters) - Shriram Finance Ltd SHMF.NS:

• PARTNERSHIP ARRANGEMENT FOR CO-LENDING OF LOANS WITH AXIS BANK

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